Concise Aerospace - Kuban Airlines hopes to get SSJ-100s via government-controlled OAO GTLK after a failure to sign an agreement with VEB Leasing

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Kuban Airlines hopes to get SSJ-100s via government-controlled OAO GTLK after a failure to sign an agreement with VEB Leasing

Published 15 November 2012

The company needs more aircraft to replace the Yak-42s it retired, but has trouble getting financing because of its high debts and non-involvement of its major shareholder (977 words)

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Article ID: 11041

• 14 August 2018 - Civil: Russian government plans to provide financing of around $150 million to state-owned leasing company GTLK
• 8 June 2016 - Industry: Russian government considers providing more financing to State Transport Leasing Company, aka OAO GTLK
• 20 March 2014 - Civil: Grozny Avia decides not to acquire SSJ-100s
• 12 February 2014 - Civil: Court hearings: The long-delayed first meeting of creditors of Kuban Airlines took place, but the court made no decisions on the company's fate
• 23 January 2014 - Civil: Court hearings: The fate of Kuban Airlines may be decided on 7 February 2014
• 16 December 2013 - Civil: The General Prosecutor's office says that bankruptcy of Kuban Airlines was orchestrated deliberately
• 19 March 2013 - Civil: FAVT annuls AOC of Kuban Airlines
• 15 February 2013 - Civil: Court hearings: ILFC withdraws its lawsuit against Basic Element
• 13 December 2012 - Civil: Kuban Airlines' operating certificate is suspended
• 11 December 2012 - Civil: ILFC's lawsuit against Basic Element: Judge sets next hearing for 30 January 2013, but urges parties to reach a settlement
• 11 December 2012 - Civil: Kuban Airlines ceases operations and files bankruptcy request with Krasnodar court
• 6 December 2012 - Civil: Kyrgyzstan Airlines wants to order two Sukhoi Superjet 100s, hoping they will help it exit the EU blacklist
• 14 November 2012 - Industry: Sukhoi Civil Aircraft official says preliminary talks are underway with several Chinese airlines about SSJ-100
• 14 November 2012 - Industry: Sukhoi Civil Aircraft plans to deliver a total of ten SSJ-100s in 2012 and up to twenty in 2013
• 22 October 2012 - Civil: ILFC sues Basic Element for $5.7 m over leasing of three B737 to Kuban Airlines
• 10 October 2012 - Industry: Sukhoi prepares SSJ-100 for its first non-CIS customer, Mexico's Interjet
• 11 July 2012 - Civil: Kuban Airlines names Sergei Mordvintsev, an industry veteran, as its new general director
• 18 June 2012 - Civil: Kuban Airlines abruptly cancels flights on two routes to Moscow
• 23 May 2012 - Civil: Kuban Airlines may be on its own — or shut down — after July 2012
• 23 March 2012 - Civil: Deripaska's group seeks to sell Kuban Airlines
• 9 January 2012 - Civil: Kuban Airlines keeps flying from Vnukovo Airport, for now
• 19 August 2011 - Civil: Kuban signs up for SSJ
• 15 August 2011 - Civil: BasEl merges Sky Express into Kuban Airlines
• 24 May 2010 - Civil: Kuban takes three 737-300s
• 10 February 2010 - Civil: Kuban Airlines expands fleet

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