Concise Aerospace - Analysis: Polet Airlines keeps flying despite a complex operating and financial situation

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Analysis: Polet Airlines keeps flying despite a complex operating and financial situation

Published 15 April 2014

Sberbank Leasing took away both An-148s and earlier didn't want to sign more leasing agreements with the company; Alexander Lebedev's companies have difficulties taking away two An-124s; Polet reduced cargo transportation by more than 50% in 2013; several companies filed lawsuits to bankrupt the company, but they were stopped by the court (1245 words, 1 table [Polet's operating results in 2012-2013])

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Article ID: 11737

• 18 April 2017 - Civil: Russian authorities want to strengthen monitoring of airlines' financial situations
• 8 April 2015 - Civil: FAVT annulled AOC of Polet Airlines
• 24 December 2014 - Civil: FAVT reportedly suspends AOC of Polet Airlines
• 10 December 2014 - Civil: After seeing Polet Airlines put under temporary management in late November 2014, the company's owner plans to sell 49% of the company
• 22 July 2014 - Civil: Angara Airlines plans to receive two more An-148s in 2014
• 2 July 2014 - Civil: Aeroflot found a buyer for two IL-96-300s
• 31 January 2014 - Industry: Analysis: VASO's deliveries and revenues for 2013 may have missed the company's targets again
• 16 August 2013 - Civil: Polet sold its shares in Voronezhavia, the operator of Voronezh International Airport
• 27 June 2013 - Civil: Court stops bankruptcy case against Polet Airlines
• 14 June 2013 - Industry: VASO's 2012 production and deliveries both fall short of its plans
• 11 June 2013 - Civil: Court in Voronezh region schedules hearings on bankruptcy lawsuit against Polet Airlines for 19 June 2013
• 28 March 2012 - Civil: Voronezh-based Polet, short of working capital, suspends a domestic passenger route
• 26 January 2012 - Civil: Polet starts flights from Moscow and St. Petersburg to Yaroslavl
• 15 July 2011 - Civil: Polet takes delivery of extended range version of An-148
• 29 June 2011 - Civil: Polet to start An-148 service in August
• 29 March 2011 - Civil: Ministry of Defence seeks payment of leasing debt from Polet
• 27 January 2010 - Civil: Polet expects to take five Saab-340s by end of March
• 16 October 2009 - Civil: Polet still looking to acquire fleet of Saab-340s
• 5 May 2009 - Civil: Il-96-400Ts enter service with Polet
• 24 April 2009 - Industry: VASO delivers Il-96s
• 26 February 2009 - Civil: Polet takes Il-96-400Ts from IFC
• 28 January 2009 - Civil: Polet plans to take Aeroflot's discarded Il-96-400Ts
• 5 March 2007 - Civil: Polet signs up for An-148
• 2 November 2006 - Civil: Polet says SAAB-2000s making a difference
• 3 July 2006 - Civil: Polet SAAB-2000s enter service
• 1 February 2006 - Civil: Polet under pressure to return An-124s
• 16 January 2006 - Civil: Polet to acquire 6 Saab-200s
• 5 November 2004 - Civil: Polet gets second An-124 in 2004

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