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Sberbank will consider different ways of financial support for Ural Airlines

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Sberbank is working on various options for financing Ural airlines. The possibility of issuing a loan under the state support program is also being considered, Deputy Chairman of the Board of the Bank Anatoly Popov said on Friday, May 8.

“Our specialized services are analyzing the documents and the updated Sberbank financial model of the airline, adjusted to the current situation in the industry.”. He clarified that the carrier requested support in April.

CEO of Ural airlines Sergey Skuratov earlier confirmed in a conversation with the Agency that the company is experiencing certain problems “with further lending to production activities.”

On May 7, Russian President Vladimir Putin at a meeting on transport development proposed to reorient transport, which was engaged in international transport, to domestic flights. According to him, after the restrictions are lifted, Russians “will certainly plan trips around the country.” He stressed that in the future he is going to hold a separate meeting on the situation with air transport.

On April 21, it was reported that the Russian government may reimburse airlines and airports for lost revenue due to restrictive measures against the background of the coronavirus pandemic. The Ministry of economic development promised to prevent the bankruptcy of airlines. Putin promised to allocate more than 23 billion rubles for this purpose.

Global Gist Nigeria

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