The court declared the airline bankrupt

The arbitration court of St.-Petersburg and Leningrad region declared the bankruptcy of the airline “Transaero” and introduced bankruptcy proceedings. About it reports TASS.

“To recognize the company “Transaero” insolvent bankrupt, to open the bankruptcy proceedings for a period of 6 months until 13 March 2018,” said the judge.

The Agency reminds that in November of 2016 the company “Transaero” and sent creditors a formal proposal for the plan of restarting their activities. The airline has proposed to conduct the procedure of asset substitution, which involves the creation of a new legal entity, 100% owned by OJSC “AK “Transaero”.

The court declared the airline bankrupt 13.09.2017

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