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Moscow court returns $17 million claim against aviation lessor to Transaero

Reading time 1 min     Christian Fernsby ▼ | September 13, 2019
The Moscow Commercial Court has returned to Transaero air carrier its claim to recover 1.1 billion rubles ($17 million) of allegedly unjust enrichment from Ilyushin Finance Co aviation lessor, according to court records.
Transaero
Russia   Transaero found itself unable to pay its debts


 
The court noted that the plaintiff in its application also petitioned for deferral of repayment of the state duty totaling to 200,000 rubles. However, the court dismissed the motion.

Topics: Transaero Moscow

Moreover, the court shelved until October 14 another similar claim filed by the airline seeking to collect 854.1 million rubles from Ilyushin Finance Company.

Transaero found itself unable to pay its debts valued at 250 billion rubles (about $4 billion) in 2015. The government-approved plan of transferring 75% of company’s shares to Aeroflot failed. Its problems resulted in mass 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 bankruptcy procedure against Transaero on December 16.

The Commercial Court of St. Petersburg and Leningrad Region declared Transaero air carrier bankrupt in September 2017.

 

 

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