Gref spoke about the difficulties of Aeroflot with debts

Gref spoke about the difficulties of Aeroflot with debts

Gref spoke about the difficulties of Aeroflot with debts

Investing.com – Aeroflot is struggling to service its debts due to the coronavirus crisis, Sberbank CEO German Gref said in an interview with Russia 24. According to him, this is a great company, but it is clear that “it is going through a difficult situation due to the fact that economic activity in their industries has not yet recovered.”

In the first half of 2020, Aeroflot received loans from Sberbank totaling RUB 21 billion. In July-August, the company raised another 6.165 billion rubles, RBC notes. As a result, the amount of loans for this year exceeded RUB 27 billion. In addition, Aeroflot has agreed with Sberbank two credit lines: at the end of June in the amount of 31 billion rubles. for a period of five years and in July by 39 billion rubles. – by 70 billion rubles.

Earlier, the government agreed on the company's state guarantees. On September 21, Aeroflot announced an additional issue of shares by open subscription up to 1.7 billion securities. The shares of the air carrier within the framework of the additional issue are going to be acquired by the Cabinet, using the money of the National Welfare Fund (NWF) for this.

(Text prepared by Yana Shebalina)

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