Rus News Journal

Head VTB: the Bank plans and to co-operate further with Lanta - round

Andrey Kostin, the head of bank VTB, allocated to the ruined tour operator Lanta - round voyage the credit for 7 million dollars., has declared that counts on the further cooperation with this company.
I consider that that fact that we give means for a long-term basis, will provide the companies Lanta - round voyage the normal financial condition, stability, will allow and to work further in the market, to involve new tourists - quotes the banker a press - service of Association of tour operators of Russia (ATOR).
A.Kostin also has underlined that does not consider as a gift allocated to tour operator of 7 million dollars It is the commercial credit which according to treaty provisions will be returned within five years - he has noted. The head of the company Lyudmila Puchkova has confirmed that the company does not intend to be closed and plans to continue cooperation with VTB.
However, variants of the further development are not clear yet. L.Puchkova has informed that there will be a debt re-structuring, searches of compromises to partners, and has not excluded merge to other tour operator.
the agreement between VTB and Lanta - round it has been signed the day before, on February, 1st. Following the results of signing of this document of L.Puchkova has informed that the company accounts payable makes 20 million dollars and the lion`s share of these debts is necessary on hotels and the organisations which are engaged in reception of the Russian tourists. Head Lanta - round has explained that the situation round the company has developed from - for a dumping which exists in the given market as now the offer in the market of tour operators exceeds demand.
Earlier, on February, 1st, the prime minister - the minister of the Russian Federation Vladimir Putin has charged to the minister of sports and tourism to Vitaly Mutko to help the company Lanta - round to pay off with creditors abroad. The head of the government has informed that has talked over with one of the State Banks, they are ready to help .
V.Putin also has noticed that at first sight in bankruptcy of tour operator there is no crime, it is purely economic situation however has underlined that firm activity nevertheless needs to be checked up officially.
according to all available information, abroad remain hardly more than 2 thousand the Russian tourists having a rest on a line Lanta - round . Clients of this tour operator are in Thailand, India, Vietnam, Czechia and etc. (all more than 15 countries).
we Will remind, one of the largest tour operators of Russia - Lanta - round voyage - on January, 28th 2012. Has declared a suspension of the activity in connection with impossibility properly to provide financing of the ordered services. The company recommended to the clients to refrain from fulfilment of trips under tourist permits with term of a departure after January, 27th 2012. In order to avoid possible problems. In case of occurrence of the expenses connected with an unaccordance of services, Lanta - round voyage promises that reimbursement will be carried out by the insurer Ingosstrah . As a result of bankruptcy Lanta - round voyage according to preliminary data, have suffered more than 3 thousand persons.