Monday, January 26, 2015

VTB Bank files bankruptcy claim against Russian carrier VIM Avia

Russia’s VTB Bank has filed a bankruptcy motion against VIM Avia, TASS news agency reported quoting court documents.

Reasons for the claim were not disclosed, but VIM Avia said in a statement that it recognized its debt to the bank, adding it will not impact carrier operations.

VIM Avia said plans were being made to settle the dispute in the near future.

According to court materials from last year, the bank won two lawsuits against the airline with claims totaling $2.72 million.

Domodedovo-based VIM Avia was the 10th biggest carrier in Russia in 2013, with 1.4 million passengers carried.

Between January and November 2014, the airline carried 1.5 million passengers. Its fleet includes Boeing 757s,  Airbus A319s and Diamond DA-42MNGs.

Over the last two months, Russia’s two largest carriers – UTair and Transaero – sought government financial assistance. Several small airlines such as Moskovia, Bylina lost their air operator certificates (AOCs). Regional carrier Ak Bars Aero  had its AOC temporarily suspended temporarily for the winter season because of financial problems and a decrease in passenger numbers.


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