Thursday, Mar 28 2024
All Cities
Choose Your City
'Numer of endemic species in lake Baikal is 1,455'
0

Russian government mulls aid for ailing airline UTair

By 0 and 0 and 0
09 December 2014

0

UTair - the third biggest airline in Russia - has embarked on a programme to cut is costs by around $180 million within a year. Picture: Utair Corporate

The Russian government is considering financial aid to UTair, said Deputy Prime Minister Arkady Dvorkovich. 'We are discussing this,' he said.

The airline's problems come amid a serious fall in the value of the rouble amid sinking oil prices and Western sanctions. Alfa-Bank submitted four new unpaid debt claims, with one claim exceeding $405,000, against UTair and UTair-Leasing to the Moscow Arbitration Court. 

This follows earlier claims for $11.8 million in unpaid debt. 

Several courts have registered a bankruptcy petition against the airline by Avialeasing, as well as debt claims by YUGRA SPb, airports of Yekaterinburg, Perm, and Samara.

UTair - the third biggest airline in Russia - has embarked on a programme to cut is costs by around $180 million within a year.

Based in Khanty-Mansiysk, the airline is a crucial lifeline to several Siberian regions.  

Tags:

Comments (2)

I think it's a good way to help the people in the area. Is it limited to just Russian citizens?
Roy Brewer, Bedias,Tx.USA
29/01/2015 18:10
0
0
Can they afford it in the their present circumstances?
jojnjo, Dublin
09/12/2014 23:38
0
0
1

Add your comment

We welcome a healthy debate, but do not accept offensive or abusive comments. Please also read 'Siberian Times' Privacy Policy

Name

Town/Country

Add your comments

The views expressed in the comments above are those of our readers. 'Siberian Times' reserves the right to pre-moderate some comments.

Control code*

Type the code

* obligatory


News

Business

The Bank of Russia official exchange rates of foreign currencies
EUR99.71USD92.26GBP116.52Other...