Transaero and UTair ask for state support

Slower growth of international air traffic and a decline in tourist traffic has led to the fact that the airline went for help to the state. According to the publication "merchant"Among those who asked for help - large "Transaero" and "UTair"Burdened with substantial debts. The government is ready to consider the possibility of granting state guarantees on loans to airlines, the paper said. state support options are in elaboration.

In the aviation industry there is a small increase, but it is uneven: highly profitable foreign transportation slowed sharply. The situation on the aviation market already alarmed and Federal Air Transport Agency, which is held at the end of last week's meeting with market participants. The ministry reported that "the meeting was devoted to working and airlines operating activities". There is also information that the meeting discussed the difficult state of the market: "Carriers included in the low season, so all the companies there is a shortage of funds, which must be replenished in some way". Airlines are currently working on all fronts to attract funding, and the possibility of working through government support.

another source "Kommersant" He said that at a meeting in the Federal Air Transport Agency also discussed further activities "UTair". According to the accounting standards of the company, at the end of June its short-term debt amounted to 57 billion rubles, long-term -. 27 billion rubles. In the summer the company has already announced a program to optimize costs by 5 billion rubles. year., including a reduction in personnel, the rejection of non-profitable routes and fleet reduction. One of the sources of the newspaper says that "UTair" accumulated a considerable debt to the companies operating in Vnukovo. He did not rule out that the airport (for a base "UTair" and "Transaero") Is in the autumn and winter schedule start working with airlines on an advance payment, but will reduce the cost of maintenance.

Yesterday, Transport Minister Maxim Sokolov Maxim Sokolov reported, citing calculations "Transaero"That the additional cost (because of the flight of Ukraine) carriers are estimated at $ 3 million per month, and "most painfully reacts to it is "Transaero"Because most of the route is aimed transit corridors through the Black Sea". Net income for the first half of the carrier -.. 750 500 000 rubles, revenue 48.6 billion rubles, but the total debt "Transaero" increased by 10 billion rubles., to 125 billion rubles. Independent aviaekspert Andrey Kramarenko, whose opinion lead "merchant"He believes that internal nature, in contrast to 2009, the current problems in the aviation industry: the market shows strong growth, whereas in 2009 there was a fall of 18% in the first half. But carriers, says the expert, in the pursuit of rapid growth little attention paid to the improvement of profitability and inflation over the years the income tax rate is reduced. The financial condition of the carriers left their mark, and the depth of the decline in sales at the end of the high season, and receivables due to the bankruptcies of tour operators, says Mr. Kramarenko, but because of the sanctions dramatically worsened access to new borrowing. Probably, the Finance Ministry will have to partially satisfy the request of the carrier, he said.