Airline UTair


The largest Russian airline "UTair" defaulted on its bonds

Russian airline "UTair"Defaulted on its bonds.

The amount of bonds that were defaulted was about 2.7 billion rubles, but the management of UTair Aviation believes these problems to be temporary, and the likelihood that they will cause problems in future operations is called minimal.

Recall that at the moment the airline "UTair" is among the three largest airlines in Russia, in particular in terms of the volume of traffic. Recently, due to the withdrawal of a number of travel companies from the market, UTair has fallen into economic difficulties, and at the moment has serious debts to a number of enterprises and airports.