We hereby inform that on October 22, 2015 the Arbitration Court of Krasnodar Region issued a ruling in the case proceedings No. À32-34815/2015 to reject commencing supervision procedure and to terminate the proceedings in the insolvency (bankruptcy) case based on the application of Polyar-Avia, LLC against PANH Helicopters.
The rotary-wind aircraft is to be used for so-called “social” passenger flights to remote inhabited locations of Magadan Region, where no alternative to air transport is available. Due to high cost of air transportation each flight is subsidized from the regional budget.
The helicopter was taken on lease from Krasnoyarsk-based «Aerogeo» under long-term lease agreement.
It’s worth saying that the helicopter was mobilized to Magadan from Krasnoyarsk under its own power. PANH Helicopters’ crew (PIC Andrey Devyatkin, Co-pilot Lev Vedernikov and Flight Engineer Vasiliy Kozmarev) flew several thousand kilometers in three days with fuel and maintenance stops in Kirensk, Lensk, Yakutsk towns and the village of Okhotsk. After arrival in Magadan and performance of required routine maintenance checks Mi-8 helicopter was involved in operations straight away, having performed its first flight to Yamsk.
“Currently our helicopters perform flights to North- Evenkiyskiy District (Topolovka, Gizhiga and Verkhniy Paren villages) on the monthly basis and flights to Olskiy District (Yamsk and Takhtoyamsk villages) twice a month. Mi-8 helicopter that has increased the Company’s air fleet will enable improving stability of passenger transportation by air and increasing the number of flights in future”, Director of PANH Helicopters’ Magadanskiy Branch Mikhail Shadrin told us. According to him, maintenance of a new aircraft will be performed at the same location – at PANH Helicopters’ line maintenance base.
On September 23, 2015 by ruling of the Arbitration Court of Krasnodar Region the application of Polyar-Avia, LLC to PANH Helicopters to declare the debtor insolvent (a bankrupt) was accepted to proceeding. Case proceedings No. A32-34815/2015 was initiated.
On September 25, 2015 the debt of PANH Helicopters to Polyar-Avia, LLC in the amount of 9254148 rubles, 60 kopecks was settled in full. And PANH Helicopters submitted the relevant application to terminate the proceedings to the Arbitration Court of Krasnodar Region.
The indebtedness has arisen because of Polyar-Avia, LLC failure to perform counter obligations under the contract in dispute and waiver of setting off counter claims of the same kind.
For this reason PANH Helicopters filed an action with the court against Polyar-Avia, LLC and currently the following cases are in proceedings with the Arbitration Court of Krasnodar Region:
- No. À32-31279/2014 on collection of debt amounting to RUR 1 203 878.04;
- No. À32-24530/2015 on collection of debt amounting to RUR 5268405.02;
- No. À32-21617/2015 on collection of debt amounting to RUR 8 553 522.60.
The total amount of Polyar-Avia, LLC debt to PANH Helicopters under the cases in the proceedings of the Arbitration Court of Krasnodar Region amounts to RUR 15 025 805.66 (Fifteen million twenty five thousand eight hundred and five rubles) 66 kopecks.