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Bankruptcy proceedings against Orenburg Airlines completed

12:38 07/06/2019

MOSCOW, June 7 (RAPSI) - The Orenburg Region Commercial Court has completed bankruptcy proceedings against the subsidiary of Russia’s largest airline Aeroflot, Orenburg Airlines, according to court records.

The court has granted a motion filed by the company’s insolvency practitioner and supported by Aeroflot, the claimant in a bankruptcy petition against the air carrier.

The court declared Orenburg Airlines bankrupt in June 2017.

In May 2018, the court included the company’s total 14.4-billion-ruble (over $220 million) debt to Aeroflot and Rossiya Airlines in the creditors’ list.

The Federal Agency of Air Transport (Rosaviation) annulled the Orenburg Airlines’ certificate, which is a part of the Aeroflot group, because of merger with Rossiya Airlines in June 2016.

A part of Aeroflot corporate group, Rossiya Airlines, was set up as a successor of three regional air carriers including Rossiya, Donavia and the Orenburg Airlines.


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Bankruptcy proceedings against Orenburg Airlines completed

12:38 07/06/2019 The Orenburg Region Commercial Court has completed bankruptcy proceedings against the subsidiary of Russia’s largest airline Aeroflot, Orenburg Airlines.
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