Russia’s UTair Airline subsidiary UTair Finance has entered into technical default on bonds. UTair-Finance cited insufficient funding for its failure to repay RUB1.23 billion ($27 million) and RUB1.45 billion of installments on two 1.5 billion-ruble tranches of three-year debt, according to Bloomberg. UTair-Finance said in a statement it had to announce technical default as UTair Airline delayed payments. UTair has chosen Raiffeisen Bank as a consultant for debt portfolio ...

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