Concise Aerospace - UTair Aviation hasn't yet received government guarantees

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UTair Aviation hasn't yet received government guarantees

Published 31 August 2015

According to Russia's Minister of Economic Development, Alexei Ulyukayev, the company hasn't reached understandings with all of its creditors; he also said that Transaero hasn't officially applied for government guarantees (451 words)

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Article ID: 12356

• 30 October 2019 - Civil: Utair Aviation talks about its fleet
• 5 February 2019 - Civil: Concise Aerospace continues to analyze Utair's debt situation: Part 1
• 5 February 2019 - Civil: Concise Aerospace continues to analyze Utair's debt situation: Part 2
• 29 January 2019 - Civil: Concise Aerospace analyzes some concerns of Utair's creditors
• 22 January 2019 - Civil: Concise Aerospace analyzes Utair's debt situation
• 3 September 2018 - Civil: A Utair aircraft goes off the runway in bad weather at Sochi's Adler International Airport
• 28 August 2018 - Civil: Utair, the fifth-largest Russian passenger carrier, talks about its operating and financial plans for 2018
• 11 May 2018 - Civil: Utair Aviation placed a large aircraft order
• 15 March 2017 - Civil: UTair Aviation, which made a difficult recovery from financial problems, looks for ways to improve its business
• 24 November 2015 - Civil: UTair Aviation, with resources that were not available to Transaero, takes steps to improve its financial situation
• 21 September 2015 - Civil: UTair Aviation's request for government guarantees has been approved
• 23 July 2015 - Civil: UTair Aviation is still in talks with creditors and hasn't yet received state guarantees
• 2 July 2015 - Civil: Concise Aerospace analyzes results of Transaero's AGM - part 1
• 25 May 2015 - Civil: Transaero receives a Boeing 737-800 on lease from Sberbank Leasing
• 21 May 2015 - Civil: Transaero: a Sberbank executive says that the bank approved a one-month extension of loan repayment
• 20 April 2015 - Civil: After receiving more documents, Inter-Governmental Commission on Financial Monitoring of Core Companies approves state guarantees for UTair Aviation
• 17 April 2015 - Civil: UTair Aviation's EGM results suggest that its major shareholder decided to help, and that the company was able to reach agreement with creditors
• 14 April 2015 - Civil: Transaero said that it spent the entire loan it received from state bank in January 2015
• 23 March 2015 - Civil: Transaero reportedly needs more state guarantees for a larger loan than it attracted in January 2015
• 19 March 2015 - Civil: Transport Minister says that no airlines officially applied for state guarantees; the Ministry lobbies for subsidizing interest rates on loans
• 16 March 2015 - Civil: Ural Airlines reportedly asks for government help
• 29 January 2015 - Civil: Transaero receives a loan from a state bank under government guarantees
• 27 January 2015 - Civil: UTair Aviation reportedly asked for around $600 million in state guarantees
• 23 December 2014 - Civil: In an interview with Vedomosti, a Russian Deputy PM discusses ways for the government to help airlines

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