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The airline "Yakutia" does not cope with its obligations

Regional carrier Yakutia Airlines cannot get out of the protracted crisis.

In March 2014, the Government of the Republic of Sakha (Yakutia) made a decision to provide additional state guarantees for 1 billion rubles to Yakutia Airlines due to the difficult financial situation. However, this assistance did not yield the desired results: the company, having delayed lease payments to VEB-Leasing, suspended the operation of five aircraft: three Bombardier Q400 and two Sukhoi Superjet-100.

Regulatory regulation of this situation provides for the termination of lease agreements and the seizure of aircraft. According to Kommersant, VEB-Leasing does not specify the amount of the debt and explains this decision by “systematic violations of payment discipline”.

However, Vasily Makarov, General Representative of Yakutia, reports that this issue is being resolved in a working order. The temporary suspension that we are seeing at the moment does not mean a complete abandonment of aircraft operation.

The Federal Air Transport Agency, in turn, hopes for a successful resolution of the crisis. Calling the decision of VEB-Leasing "extremely ill-considered and untimely", the Federal Air Transport Agency calls for the search for mechanisms for debt restructuring, and, accordingly, the cancellation of this decision.

The airline, for its part, is looking for new ways out of the current state of affairs. However, now the airline will need much more funds (according to Kommersant, about 20 billion rubles). According to RIA Novosti, Yakutia Airlines has begun negotiations with a number of banks on the possibility of providing loans under state guarantees.

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