UTair Engineering’s net loss goes up 11 times

16 April 2012 (09:28)

UTair Engineering finished the year off with the net loss figures that were 11 times higher than those for a year earlier and thus came to 1.07bn RUR, the company’s report states. At the same time, the company’s sales revenues rose by 17.8% and reached 3.4bn RUR.

‘UTair Engineering operates within the approved budget and in accordance with its upgrades and development plan. We keep expanding our production, upgrading the machinery, and mastering the new types of aircraft,’ Interfax-Ural refers to the air carrier’s Deputy DG for Financial Issues Sergey Yemelyanov as saying.

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