Russia’s Utair navigates around bankruptcy – for now

In a boost of confidence for the airline’s partners and its passenger customers, Russia’s biggest state-controlled bank has agreed to support the financially-stricken large Russian carrier Utair which, at the same time, posted more than one billion roubles (US$15.5 million) of net income in the first nine months of 2019. Sberbank, Russia’s largest financial institution, has confirmed that it has no intention to pull the plug on its Utair Airlines customer and has instead approved a new… (www.rusaviainsider.com) More...