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Bankruptcy

BankruptcyBankruptcy

The Perm-based Avialeasing investment company has lodged a bankruptcy petition against Russia’s leading regional carrier, UTair, which has failed to pay 3.5 million rubles ($67,000) for leasing Tu-154-M planes, the press service of the arbitration court said on Monday. The airline’s current debt exceeds 3.5 million rubles, the court in Russia’s Khanty-Mansi Autonomous Region said citing Avialeasing. “That’s why Avialeasing has asked the court to declare UTair bankrupt,” Itar Tass reported. The court is expected to announce the decision within five days. The bankruptcy petition against UTair was filed on December 4 and registered on Monday.

 

Financialtribune.com