Tag Archives: Russia’s Alfa-Bank Showers UTair With Writs Amid Bankruptcy Fears

Russia’s Alfa-Bank Showers UTair With Writs Amid Bankruptcy Fears – 9 December 2014

RT logoRussian lender Alfa-Bank, has filed four new lawsuits against the country’s leading regional carrier UTair and UTair-Leasing. This comes a day after a leasing company filed a bankruptcy petition saying UTair failed to pay $67,000 for leased airplanes.

In late November, Alfa-Bank sued the airline in a Moscow court for an unpaid debt of $11.85 million. On Tuesday, court bailiffs seized UTair’s seven Mi-8 helicopters, TASS reports.

UTair on Monday rejected the bankruptcy reports in the media, saying it was operating in “standard mode.”

“We aim to constructively fix all the financial problems. Filing a bankruptcy petition is a standard tool used by the creditors that have a small amount of debt to claim,” Andrey Martirosov, UTair CEO said.

Read the full story at: www.rt.com / link to original article