Banks-creditors of “Transaero” is interested in the plan of revival of the airline

Banks-creditors of “Transaero” is interested in the plan of revival of the airline


Moscow. March 1. A number of banks, lend “Transaero”, asked the airline detailed business plan for the creation of the new carrier, according to “Vedomosti” with reference to the letter of top managers of Sberbank and Rosselkhozbank, “the absolute Bank” and “UniCredit Bank” to the General Director “Transaero” Alexander Burtinu. The authenticity of the letters to the newspaper confirmed the person close to “Transaero”, as well as managers of banks.

EconomyNovember 14, 2016, Transaero will offer its creditors to convert debt in to activitate read more

Burdin offered to banks a plan to create a new airline under the brand of “Transaero” in November. Its essence lies in the conversion of debt into shares of the new carrier. Cost-effective operation of the new airline does not guarantee the return of all funds, but the return will be more than the sale of assets under bankruptcy proceedings, explained then, Burdin. According to his calculations, to start a new airline need an initial investment of $12-13 million.

The Board Chairman of Absolut Bank Andrey Degtyarev expressed a fundamental interest in the creation of a new airline, but the decision has requested a detailed business plan. The Director of the Department on work with troubled assets of agricultural Bank Elena Kashuba in the letter Burdine requested further information about the assets that you plan to make the new airline, and analysis of the financial condition of the country. The head of Department on work with problem loans, “UniCredit Bank” Sergey Brykin also asked to submit a detailed recovery plan activities. Vice-President of Sberbank Maxim Degtyarev said that to Finance a new airline, Sberbank has no plans, but requested information about how do you negotiate with “VEB-leasing” and “VTB-leasing” on delivery of planes of the new airline, as there is a study of the route network and how the negotiations with other creditors.

Transaero airlines stopped flying in October 2015, two months later the company was introduced observation. The total amount of creditors “Transaero” exceeds of 251.8 billion rubles. Major creditors – banks and lessors, for example, the duty to “VEB-leasing” amounts to 42 billion rubles to Gazprombank – RUB 13.6 bn, before the subsidiaries of VTB is 19.3 billion rubles., before by VTB – more than 9.4 billion rubles before leasing “daughter” of Sberbank – 9.2 billion rubles., in front of the Bank’s 8.7 billion rubles.

The Chairman of the Board of VTB – one of the banks-creditors of “Transaero” Andrey Kostin last December said that does not see sense in restoration activities of the airline and does not believe in such a possibility.

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