Teneo liquidators of Russia’s Ireland-based firm GTLK receive €11.6m in fees to date

GTLK Europe owned about 70 jets and 19 sea vessels when it entered liquidation last year

Stock image

John Mulligan

The liquidators of two Ireland-based aircraft and shipping companies owned by the Russian government have realised fees and expenses of more than €11.6m in the first year of their appointment.

And another €24.5m has been racked up in local and international legal fees and other expenses as the liquidators at Teneo try to track down and sell aircraft and ships belonging to GTLK Europe and GTLK Europe Capital.