Concise Aerospace - Court hearings: Kuban Airlines is placed under temporary management for six months

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Court hearings: Kuban Airlines is placed under temporary management for six months

Published 20 February 2013

The company tells Krasnodar court that it had debts of at least Rb 2.7 billion ($90 million) as of 1 November 2012, but they are likely much higher; Kuban's fate will be decided at hearing scheduled for 30 August 2013, but it is most likely to be liquidated (916 words)

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Article ID: 11157

• 3 September 2015 - Civil: Concise Aerospace's outlook for Transaero is currently negative
• 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
• 15 November 2013 - Civil: Court hearings: Kuban Airlines, itself under temporary management, files a bankruptcy lawsuit against Rusline over a debt of around $120,000
• 28 June 2013 - Civil: FAVT says that it has 119 airlines with valid AOCs in its registry
• 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: Kuban Airlines ceases operations and files bankruptcy request with Krasnodar court
• 11 July 2012 - Civil: Kuban Airlines names Sergei Mordvintsev, an industry veteran, as its new general director
• 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
• 15 August 2011 - Civil: BasEl merges Sky Express into Kuban Airlines

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