Against Petersburg state long distance Hauler "AP-1" initiated bankruptcy procedure and introduced observation

Saint Petersburg, 07 Nov 2017. In respect of the only national carrier of St. Petersburg to operate scheduled flights on international routes – the company "AP-1" – 100% daughter company "passazhiravtotrans" initiated bankruptcy proceedings. The company has introduced surveillance: interim Manager appointed a St. Petersburg lawyer, expert on bankruptcy and arbitration management Konstantin Ashikhmin.

According to representatives of "Passazhiravtotrans", the reason for filing for bankruptcy was the debt, "AP-1", 9.6 million rubles incurred in connection with the failure of the contracts concluded with the parent company.

During monitoring procedures, the interim Manager needs to identify their debtor's property, and to determine the reasons of loss of solvency.

During the observation of all creditors having rights of claim to LLC "AP-1", have the opportunity to announce the inclusion of their claims in the register of requirements of creditors till 03 Dec 2017.

The next hearing in the bankruptcy case will be held on 29 January 2018 14:30 minutes, indoor Arbitration court of St. Petersburg and Leningrad region to the address: St.-Petersburg, Suvorovsky Avenue, d. 50/52, room 208.

About company "passazhiravtotrans":

SPb GUP "passazhiravtotrans" — one of the largest passenger carriers in the Northwest. Is administered by the transport Committee. Serves 150 urban and suburban routes. The enterprise structure includes, in particular, six bus parks and bus station.

About company "AP-1":

The company "AP-1" – 100% subsidiary company "Passazhiravtotrans", was established on the basis of the first bus fleet in 2012. Recently, the company was served with six routes to the popular areas: on Vinnitsa, the Nizhniy Novgorod, Smolensk, Novgorod, Tikhvin, Podporozh'ye. In fact, "AP-1" has suspended service of its long-distance routes in April 2017.