UTair airline intends to make all flights in compliance with its schedule, despite the clause about a possible suspension of activity in a previously published report, the press service of the carrier told TASS citing Pavel Permyakov, president of UTair - passenger airlines.
"The company gets a stable profit from operating activities. The suspension of servicing part of the debt in December 2018 affected the financial results of last year, but does not affect the current continuity of flights. In 2019, UTair changes the schedule of payments on debts to return to positive financial results," Permyakov said as quoted by the press service.
Earlier the company said in its report that the difficult financial situation, in particular due to the worsening of external environment, leads to "substantial uncertainty, which can cause significant doubts in the group's ability to continue its activities continuously."
The similar reservation is contained in the conclusion of the auditor, which is contained in the document. "This is a phrase from the conclusion of the external auditor who, in accordance with auditing standards, is obliged to make such a reservation due to the fact that the financial debt restructuring process was not completed on December 31, 2018," Permyakov explained, adding that the company itself had also made statements about possible suspension of activities.











