Russia’s Utair Company goes bankrupt

Russia’s Utair Company goes bankrupt
# 21 November 2014 13:02 (UTC +04:00)

Baku. Aynur Aliyeva - APA-Economics. "UTair", the third volume of traffic the airline in Russia, are in a difficult financial situation, defaulted on the bonds in the amount of 2.7 billion rubles, APA reports quoting "Kommersant" newspaper.

General Director at UTAir Andrey Martirosov claims that the situation is temporary.

In November, 2012, UTair-finance Daughter Company issued bonds in amount of 1.3 bln rubles for three years. Though payment date has expired, the company has not fulfilled the payment

Heydar Aliyev International Airport told APA-Economics that UTair company continues flights to Baku.

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