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Sberbank approves financial recovery plan of Utair airline

Russian Aviaton » Wednesday November 13, 2019 21:43 MSK
© Yulia Kuzmina

Sberbank as one of Utair lenders agreed the recovery plan of the airline, Chief Executive Officer of the bank Herman Gref said on Tuesday. This reported by TASS.

"Concerning Utair, we have no intentions in respect of bankruptcy. Utair presented the financial recovery plan; it was agreed with us," Gref said. The top manager expressed hope that the airline would come to terms with other lenders.

Financial recovery and support of the airline is the variant of air carrier's development that has no alternatives and current management of the air carrier is fairly appropriate, Gref said earlier.