Ural Airlines and Promsvyazbank signed an agreement on debt restructuring in the amount of 1 billion rubles.

Ural Airlines and Promsvyazbank PJSC signed an agreement on restructuring the airline’s debt in the amount of 1 billion rubles. Within the framework of the signed agreement, an agreement was reached on transferring forthcoming loan payments in May-August 2020 to a later period.

Skuratov Sergey Nikolaevich, General Director of Ural Airlines OJSC: “ It is no secret that the aviation industry is one of the most affected sectors in the current situation. The pandemic caused by the spread of coronavirus infection, and the consequent forced prohibition of international flights, initially led to a decrease in international traffic, and after that, as restrictive measures were introduced, domestic passenger traffic also decreased significantly. We took a number of emergency anti-crisis measures that allowed us to stabilize the economy of the airline during this difficult period. There was information in a number of media that banks did not meet the requirements of aviators, refused to provide new loans and, as a result, Russian airlines were on the verge of bankruptcy. As our practice has shown, this is completely untrue. With PSB, we managed to find a compromise solution, thanks to the assistance of the Government of the Russian Federation, Plenipotentiary Representative of the President of the Russian Federation in the Ural Federal District N.N. Tsukanov and the Governor of the Sverdlovsk region E.V. Kuyvasheva . "

Irjanov Rinat, Manager of the Ural branch of PSB : “ For the bank's client companies belonging to the sectors most affected by coronavirus infection, in April 2020, Promsvyazbank PJSC quickly developed a customer support program for the period of restoration of their economic activity. The goal of the program is to stabilize the financial situation of borrowers, reduce debt burden and restructure debt under a simplified procedure. Promsvyazbank highly appreciates cooperation with Ural Airlines OJSC. We are confident that the company will adequately overcome the current situation and maintain its leading position in the rating of Russian airlines . ”