OREANDA-NEWS  On 26 September was announced, that UTair-Finance LLC, UTair (UTair Aviation, JSC) subsidiary, paid the tenth coupon on bonds of the second series.

The total payout on securities of this series amounted to RUB 254.82bn (approx. USD 10bn), with an annual coupon rate set at 10.4 percent.

Despite a considerable increase in fuel prices, UTair Aviation has continued its development and boasts stability of operations. The company’s airplanes make 250 flights per day. More than 120 of UTair helicopters make daily flights, and their flying time exceeds 6,000 hours per month. Thanks to the performance of its air fleet, UTair is an unrivaled leader on the Russian aviation services market.

UTair Aviation has a clean credit history, publishes financial statements under both RAS and IFRS (the company’s statement under IFRS is audited by Ernst & Young), and carries out an extensive program on the modernization of its air fleet.

You can learn more about the placed bonds on the company’s website www.utair.ru in the Bonds section.