Russian Supreme Court returns appeal against recovery of $5.8 mln to Natalie Tours
MOSCOW, September 5 (RAPSI) – Russia’s Supreme Court has returned to Natalie Tours tour operator a complaint seeking to overturn the ruling to collect $5.8 million from the company in favor of Transaero airline, the court’s representative told RAPSI on Tuesday.
The Supreme Court dismissed a motion to reinstate term limits for appeal.
This May, previous court decisions in the case favoring Transaero were upheld by the Moscow District Commercial Court.
On November 11, 2016, the Moscow Commercial court granted the air carrier’s claim seeking to recover the debt from the travel company. Under the contract signed between parties, the tour operator was to transfer earnings from transportation sales excluding fee to the plaintiff. Additionally, the court dismissed a counterclaim by Natalie Tours demanding to invalidate provisions of the agreement’s supplementary contract. The Ninth Commercial Court of Appeals upheld the ruling on February 27.
The travel company in turn filed a lawsuit to recover about 400 million rubles ($6.7 million) in damages from Transaero. However, the claim has been dismissed.
In April, the Moscow Commercial Court dismissed a claim by Transaero demanding to declare Natalie Tours bankrupt.
In 2015, Transaero found itself unable to pay its debts valued at 250 billion rubles (about $4 billion). 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 a bankruptcy procedure against Transaero on December 16, 2015.
Natalie Tours, a tour operator on the Russian foreign tourist market, was founded in April 1992. In 2014, the company’s amount of business was estimated at $850 million.