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Russian Airlines Are Asking To Extend The Moratorium On Bankruptcy

Russian Airlines Are Asking To Extend The Moratorium On Bankruptcy

The Russian Association of Air Transport Operators (AEVT) has asked the Ministry of transport to extend the moratorium on bankruptcy for the next six months — until April 2021, according to an official letter published on the Association's website.

Earlier, a moratorium on bankruptcy was imposed on almost 1.5 million enterprises in the Russian Federation, including enterprises in the field of air transportation, to ensure the stability of the economy and provide enterprises with an opportunity to get out of a difficult situation. The moratorium expires in October 2020.

"The Russian Association of air transport operators, expressing the opinion of the 23 leading Russian airlines and air enterprises that are part of AEVT, asks the Ministry of Transport of the Russian Federation to apply to the Government of the Russian Federation with a proposal to extend the moratorium on bankruptcy for 6 months," the appeal says.

It is specified that such a measure is caused by the negative impact of the epidemic on the country's economy and in particular on the aviation industry, where the level of traffic has not yet fully recovered.

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