Sunday, December 21, 2014

“Transaero” may suspend flights because of debts – TASS – Bulletin

"Transaero" may suspend flights because of debts – TASS – Bulletin

The second Russian airline traffic ?? « » ?? appealed for help to the state and creditors, arguing that because of the debts may even suspend flights before the New Year. This was reported by TASS, two sources familiar with the situation.

The federal official close to the Ministry of Transport, assured Tass that the authorities are doing everything possible to stop the actual flight has not happened, stressing that the company has a system-character for the industry and assistance will be given to it, but did not specify in what form.

« Airlines CEO Olga Pleshakova in the first half of December, informed the state authorities that there is a risk of suspension flight before the end of the year, as the company can not pay contractors’ ?? said a source familiar with the contents of the letter Pleshakova the government.

The letter says that by the end of November, « Transaero “was formed arrears to suppliers of aviation fuel. The company must RUB 2.5 billion. « Rosneft” and almost 2 billion rubles. « Gazprom aero”. In « Transaero” also has a debt to the airport « Vnukovo ».

Pleshakova, according to the source, the Government informed that stopping the company’s operations is possible, if there is a moratorium on the rise in prices of kerosene and if banks do not provide the carrier needed new credit lines sufficient.

« It was assumed that ?? Transaero ?? receive credit for operating expenses from more than $ 8 billion rubles., but the bank was able to approve a substantially smaller amount ?? another source claims TASS familiar with the situation. ?? Now being an emergency search for other options of closing the cash gap ?? may be brought Gazprombank and VTB ».

The press service of « Transaero “Tass reported that the work on the formation of a syndicated loan in partnership with the Savings Bank is conducted in accordance with the schedule.

« In addition, the airline ?? Transaero ?? productively interacts with several other major financial partners in the various mechanisms to mobilize financial resources in order to recover funds made repayments of loans to Russian banks in the period from August to December of this year, “?? said in comments to the press service.

Source TASS in « Rosneft” confirmed that « Transaero” has debts to the oil company, but did not specify their volume.

The representative of the « Vnukovo” told the news agency that the « Transaero “is a strategic partner of the airport, providing 35% of passenger traffic.

« No sanctions on ?? Transaero ?? were not going to use and do not intend to. Moreover, all the questions now always resolved through negotiations, ?? Transaero ?? never let us down “?? said airport spokesman Elena Krylova.

At the end of the summer « Transaero” ask for support from the state, asked on state guarantees on loans, but later withdrew the application to resolve the situation on their own. In October it became known that the Moscow bank Sberbank and « Transaero” agreed to cooperate in organizing a syndicated loan of 45 billion rubles. for long-term lending carrier. However, the actual involvement of such loan since then have not been reported.

«Transaero” ready to attract strategic investors →

At the same time in early December « Transaero” reported that starts to attract equity investment company resorted to consulting services to major Chinese commercial bank ICBC.

Airline for the first 10 months of 2014 has carried over 11.5 million passengers. CEO Olga Pleshakova owns 18.39% of the company, Alexander Pleshakova ?? 18.23%; has 11.06% of shares in a subsidiary of « Transaero-Finance” and 6.48% ?? In affiliate offshore Start-Up Investments Ltd. The remaining 45.84% stake ?? for other holders, including those under the nominal holding.

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