Monday, January 25, 2016

Transaero airline files two lawsuits against Rosaviation, demands $7.6 mln

MOSCOW, January 25 (RAPSI) – One of the most troubled Russian airlines, Transaero, filed two lawsuits with the Moscow Commercial Court against Federal agency of air transport (Rosaviation), according to materials available at the court’s website.

In the first lawsuit Transaero demands 595 million rubles ($7.6 mln) from Rosaviation, in the second lawsuit the airline asks the court to find Federal agency’s actions illegal. Latter lawsuit also lists airlines “Aeroflot” and “Russia” (part of the Aeroflot group) as third parties. Both lawsuits have not been reviewed yet.

After Transaro stopped operating the flights, Rosaviation distributed the air routes between other airlines, including the largest one, Aeroflot.

Transaero found itself unable to pay its debts estimating 250 billion rubles ($3.5 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, 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.

Original article can be found here: http://rapsinews.com

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