News / Russia's VIM Airlines grounded after debts weigh too heavy

Anna Zvereva

After carrying more than 11,000 tonnes of cargo this year, Russia’s VIM Airlines looks set to close, despite asking for government support to allow it to continue to operate in the face of huge debts.

While there is no confirmation of its total debts, Russian media are reporting a figure of between €49m and €145m, owed to airports, fuel providers and banks.

Rosaviatsiya says VIM owes six banks some Rb7bn (€100m). It is said to owe Rb500m (€7.2m) to Domodedovo Airport and is reported to be unable to ...