Go Back  FlyerTalk Forums > Destinations > Europe > Russia
Reload this Page >

UT (Utair) defaults on $60 million domestic bond

UT (Utair) defaults on $60 million domestic bond

Old Nov 20, 14, 9:48 am
  #1  
Original Poster
 
Join Date: Sep 2006
Location: Moscow
Programs: Marriott Plat, IHG Plat Amb
Posts: 1,098
UT (Utair) defaults on $60 million domestic bond

UT (Utair) failed to make an approx. $60 million payment on two issues of domestic-issued bonds today and announced its intent to reach a restucturing agreement with bondholders.
No direct implications for its day-to-day operations yet, however UT's future is far from certain. A bailout and/or merger is quite possible.
Temedar is offline  

Thread Tools
Search this Thread