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Duty Free operator Aerofirst declared bankrupt – RAPSI

17:07 19/10/2017

MOSCOW, October 19 (RAPSI) The Commercial Court of the Moscow Region has declared Duty Free operator Aerofirst bankrupt, according to court records.

A monitoring procedure was introduced regarding Aerofirst on April 27. Moreover, this summer the court included a 3.1-billion-ruble (about $54 million at the current exchange rate) debt of Aerofirst to VTB bank and a 2.9-billion-ruble debt to Sberbank in the list of its creditors claims.

As it has been reported earlier, Aerofirst operates duty free shops under Moscow Duty Free brand since its first shop was established in Sheremetyevo in 1988, what makes it the oldest duty-free operator in Russia. The company website shows that it has ten shops in Sheremetyevo F terminal …

Read the full article at: http://www.rapsinews.com/judicial_news/20171019/280586647.html

Category: BankruptcyBy Insolvency GuardianOctober 20, 2017

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Duty Free operator Aerofirst declared bankrupt – RAPSI

17:07 19/10/2017

MOSCOW, October 19 (RAPSI) The Commercial Court of the Moscow Region has declared Duty Free operator Aerofirst bankrupt, according to court records.

A monitoring procedure was introduced regarding Aerofirst on April 27. Moreover, this summer the court included a 3.1-billion-ruble (about $54 million at the current exchange rate) debt of Aerofirst to VTB bank and a 2.9-billion-ruble debt to Sberbank in the list of its creditors claims.

As it has been reported earlier, Aerofirst operates duty free shops under Moscow Duty Free brand since its first shop was established in Sheremetyevo in 1988, what makes it the oldest duty-free operator in Russia. The company website shows that it has ten shops in Sheremetyevo F terminal …

Read the full article at: http://rapsinews.com/judicial_news/20171019/280586647.html

Category: BankruptcyBy Insolvency GuardianOctober 19, 2017

Post navigation

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June 3, 2025
At Home store may go bankrupt, blames tariffs – OzarksFirst.com
June 3, 2025
Access Denied
June 3, 2025
NCLAT Overturns NCLT Forensic Audit Order for Golden Tobacco, Extends CIRP Deadline to 2025, ET LegalWorld
June 3, 2025
Meyer Burger’s German Subsidiaries File for Insolvency – Microgrid Media
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