UTair clients complain about financial traps

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By Gavin van Marle

08/10/2014

Russian carrier UTair found itself in serious financial trouble following Russian’s annexation of Crimea, and the ensuing problems with sanctions, the closure of Ukrainian airspace and wild currency fluctuations. It now appears that these problems have affected its suppliers, with many forwarders that have transported aircraft components claiming they are owed hundreds of thousands of euros, which has led many to highlight the impact of sanctions on business.

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Topics

Insane in the Ukraine UTair British Ports Association (BPA) Port of Liverpool Russia sanctions UK ports

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