Transaero’s asset inventory procedure extended for 6 months
MOSCOW, July 5 (RAPSI) - The Commercial Court of St. Petersburg and Leningrad Region has extended asset inventory of Transaero air carrier for 6 months upon a petition of the airline’s bankruptcy supervisor of Transaero airline Alexey Belokopyt, RAPSI has learnt in the court.
Transaero found itself unable to pay its debts valued at 250 billion rubles (about $4 billion) in 2015. The government-approved plan of transferring 75% of company’s shares to Aeroflot failed. Its problems resulted in a large number of flight cancels and delays.
In October 2015, Sberbank and Alfa Bank filed bankruptcy petitions against the troubled airline. The Commercial Court of St. Petersburg and Leningrad Region initiated bankruptcy procedure against Transaero on December 16.
The Commercial Court of St. Petersburg and Leningrad Region declared Transaero air carrier bankrupt in September 2017.