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9 Airlines Grounded Over Unpaid Debts

Published: October 17, 2008 (Issue # 1417)


Nine airlines will be grounded by the end of the week due to overdue debts, aviation authorities announced Wednesday.

Three of the airlines — Interavia, Dalavia and Omskavia — had all but suspended flights already, stranding hundreds of passengers.

Moscow-based Interavia, which topped the list with an overdue debt of 19.2 million rubles ($729,000) has not flown since Oct. 9, missing 23 flights as of Wednesday, according to the web site of Domodedovo Airport.

Other big debtors include state-owned Dalavia, with 18.4 million rubles in overdue payments, and Omskavia, part of the troubled AirUnion alliance, with late payments of 4.9 million rubles.

The Federal Navigation Authority said the airlines had repeatedly been asked to pay their debts and that, in line with legislation, they had gotten a warning, followed by restriction of services on charter flights and now suspension of services for all flights, Interfax reported.

The process of withdrawing Interavia’s license might start on Oct. 26, the report said.

An Interavia representative at Domodedovo Airport said hundreds of passengers were waiting for information about when they could expect to fly.

“We do not know when the airline’s services will resume,” he said. “We do not know anything except that the airline is deeply in debt and we have not been paid for three months.”

Domodedovo spokesman Ildar Tuzmuhametov said the airport was waiting for the carrier to take action but would not comment on how soon the problems might be resolved or what was causing the delays.

He stressed that the delays were an internal problem of Interavia. “Flights of all other carriers at Domodedovo are landing and departing on time,” he said.

High fuel prices have caused problems for domestic carriers, resulting in last month’s government bailout of AiRUnion and the transfer of its stake to state-run Russian Technologies with instructions to form a new carrier. AiRUnion’s assets are being folded into a new holding, together with Atlant-Soyuz, controlled by the Moscow city government and several regional airlines.

Russian Technologies said it would take at least nine months to create the holding. The state corporation will repay $100 million of AiRUnion’s estimated $800 million debt and plans to renegotiate the rest.

The Federal Navigation Authority said that the other airlines that will be grounded as of Friday are Tesis, Vyborg, Aeroshchit, Irkutsk Bezbokov ASK ROSTO, Ulan-Ude Aviation Plant and Buguruslanskoye Letnoye Uchilishche.





 


ALL ABOUT TOWN

Friday, Nov. 21


Learn more about Russian labor laws at Labor Law Seminar 2014 at the Courtyard by Marriott St. Petersburg Center West Pushkin Hotel this morning at 166 Kanala Griboyedova. Sponsored by Baker and McKenzie and the Pepeliaev Group, the event begins at 9 a.m. and will discuss amendments to existing laws, employment terms, risks of termination and other pressing matters.


Educate yourself about educational careers at Education and Career XXI — November 2014, a two-day fair hosted at Lenexpo convention center on Vasilievsky Island that welcomes students and educators alike to develop relationships between scholarly institutions and learn more about the educational market in Russia and abroad.



Saturday, Nov. 22


Russian Premier League-leaders Zenit St. Petersburg return from the international break to take on Kuban Krasnodar at Petrovsky Stadium this evening at 7 p.m. Tickets for the game can still be purchased on the club’s website, at the Petrovsky Stadium box office or in any of the club’s merchandise stores.



Sunday, Nov. 23


Get in the holiday spirit at today’s Winter Bazzar at the Astoria Hotel. Featuring gifts from around the world such as French eclairs, Dutch cheeses and Indian jewelry, the annual event organized by the International Women’s Club will feature 18 international stands and raise money for charity through the sales of a diversity of products that further illustrate the city’s international connections.



Monday, Nov. 24


Dr. Axel Schulte, Department Head at Fraunhofer Institute for Material Flow and Logistics in Dortmund, Germany, is the featured speaker at the SPIBA Industrial Committee lecture on “The Fourth Industrial Revolution: Digitalization of the Supply Chain.” The event begins at 4 p.m. at the Graduate School of Management at 3 Volkohvsky Pereulok and registration is required by Nov. 21 either by emailing office@spiba.ru or calling 325 9091.



Tuesday, Nov. 25


Tag along with AmCham during their “Industrial St. Petersburg” Tour program today. This incarnation of the ongoing series will visit Philip Morris Izhora and include an Environmental Health and Safety Committee meeting.


Find out how to expand your business east during the “Business With China” forum beginning today and concluding tomorrow at the Lenexpo convention center. The largest Russian forum dedicated to business with the Asian giant, topics that will be discussed include logistics, customs clearance, trade financing and many more.



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