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Airline's bankruptcy case postponed until February 29

Tags: Russia, Moscow
13:14 23/01/2012

MOSCOW, January 23 - RAPSI, Alyona Yegorova. A court has scheduled for February 29 its hearing of a bankruptcy application filed by Averon company against Avianova airline, the Russian Legal Information Agency (RAPSI/rapsinews.com) reported on Monday.

The Moscow Commercial Court confirmed the Avianova’s 2.3 million ruble ($73,500) debt to Averon. 

It was reported on Monday that Avianova employs only three people while others have been fired as the airline wound up.

The Federal Air Transport Agency (Rosaviatsia) revoked Avianova’s operation license in January 2011. The airline ceased its flights on October 10, 2011. The license was withdrawn after a three-month suspension period expired. 

Avianova paid by December 28 over 91 million rubles ($2.9 million) to its passengers for cancelled flights, which amounts to 88 percent of the airline’s total debt.

Avianova’s bankruptcy was triggered by a conflict between the airline’s two major shareholders – Russian А1 investment company, part of Alfa Group, and U.S. Indigo Partners fund.

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Airline's bankruptcy case postponed until February 29

13:14 23/01/2012 A court has scheduled for February 29 its hearing of a bankruptcy application filed by Averon company against Avianova airline, the Russian Legal Information Agency (RAPSI/rapsinews.com) reported on Monday.
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