After forced nationalization, Moscow’s Domodedovo Airport is facing bankruptcy, with the company’s total debt amounting to about 70 billion rubles or $900 million (of which 34 billion are in rubles and $450 million in foreign currency).

Just to pay the interest on these loans in 2025, 8 billion rubles need to be found, said the airport’s new CEO, Andrei Ivanov,  The Moscow Times reports .

According to him, to save the company, the management plans to attract new investors, while negotiations with creditors on debt restructuring are ongoing.

Ivanov explained that financial problems have compounded a sharp drop in passenger traffic, which after 20 million passengers in 2023 fell to 15.5 million last year, and this year may decrease by another 2 million.

At the same time, in 2023, Domodedovo opened a new terminal T2, did not reduce staff and did not optimize costs, which caused an avalanche-like growth in losses – from almost 7 billion rubles. in 2023 to a projected 10 billion rubles. in 2025. Revenue is also falling – from 34 billion to 30 billion rubles. in three years.

Against this background, on July 1, the airport received a lawsuit to declare the management company bankrupt due to a tax debt of about 0.5 billion rubles from the Federal Tax Service for the Kaliningrad region. It is noted that these funds were used to pay off salary debts, which was the first such precedent in the Russian Federation.

In addition to finances, the Russian airport needs investments in basic infrastructure, which, according to preliminary estimates, will require 16 billion rubles from the federal budget (over $200 million).

It was previously reported that the Russian Ministry of Transport admitted that it was unable to stop the collapse at airports caused by Ukrainian drones.

Along with this, due to a lack of finance, Russia faces a wave of bankruptcies among infrastructure construction companies by the end of 2025 , as they face a sharp decline in orders due to the high cost of loans. Джерело: https://censor.net/n3565037

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