UTair Aviation agreed with AO «ALFA-BANK» on restructuring of indebtedness
As a result of the agreement reached by UTair Aviation and AO “ALFA-BANK”, all claims filed by AO “ALFA-BANK” and LLC “Alfa-Leasing” against UTair group companies under the loan agreements, agreements for the issuance of letters of credit, agreements for the issuance of bank guarantees and leaseg agreements shall be revoked and waived and the bank accounts and any other property of UTair group companies shall be released from arrest and seisure.
"Reaching an agreement between AO “ALFA-BANK”and UTair group companies is an important step on the way to the completion of the restructuring of the debt portfolio of UTair group companies, which will allow to implement the renewed strategy of the company aimed at increasing its efficiency and consistent growth in future", - comment Andrey Martirosov, CEO of UTair Aviation and Maxim Pershin, co-head of the Corporate and Investment Department of AO “ALFA-BANK”.
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