Deripaska's enterprise to pay $31.4m brought by Defense Ministry

Deripaska's enterprise to pay $31.4m brought by Defense Ministry
Oleg Deripaska

The Aviakor plant owes an unearned advance to the agency.

The Moscow Arbitrazh Court backed the Ministry of Defense in a lawsuit with the Samara plant Aviakor (part of the Russian Machines holding of Oleg Deripaska). Now, the company has to pay more than 2.2 billion rubles ($31.4m) on the corresponding claim. This is stated in the resolution part of the court decision.

The Ministry of Defense applied to the court with a demand to terminate the contract with the plant on May 11, 2011. The recovered funds are an untimed advance paid to the enterprise as part of past cooperation. Aviakor did not agree with this position - the company filed a counterclaim on recovery on the amount of more than 435 million rubles ($6.2m) of debt and obligation to accept the acquired property, but the court rejected it.

In March, the Moscow Arbitrazh Court suspended the proceedings on another lawsuit filed by the Ministry of Defense against the Samara plant. The Ministry also requested a fine of about 153 million rubles for the same state contract from 2011, as well as interest for using the advance of more than 775 million rubles as a commercial loan.

We add that in July 2016, the Arbitrazh of the Samara region ordered the Aviakor plant to pay more than $ 2.9 million to the Ukrainian state corporation Antonov, which filed a lawsuit for the use of the trademark.

Aviakor is engaged in the construction of aircraft, major repairs of the Tu-154, as well as its technical maintenance, along with An-140, An-74.



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