26 Sep 2017 13:25

Transport Ministry has not asked MinFin for money to resolve VIM Airlines problems

MOSCOW. Sept 26 (Interfax) - The Russian Transport Ministry has not asked the Finance Ministry for money to resolve the problematic situation with VIM Airlines, which is facing bankruptcy.

"No," Finance Minister Anton Siluanov said, responding to the corresponding question.

Yesterday, following a meeting on VIM Airlines' operational activities, Rosaviatsia said that the carrier's owner did not have either working capital or borrowed funds to continue operating on its own.

"Government agencies are drawing up measures and are looking for funds to continue carrying the airline's passengers," Rosaviatsia said, adding that work with VIM Airlines' lenders was continuing and that they are still interested in the airline, "but only if there is a drastic change to its financial model."

Vnukovo Airport has decided to handle all VIM Airlines flights starting Tuesday. Within two days a schedule will be agreed upon with the involvement of airlines willing to provide assistance in carrying VIM Airlines passengers, the Russian Transport Ministry said.