Putin instructed to perform all obligations to passengers “Transaero”

MOSCOW, October 13. The President of Russia Vladimir Putin demanded to transport all passengers, Transaero, and to resolve the issue of employment of employees of the airline. According to the head of the state, the existing situation in connection with the financial policy of “Transaero”.

“It is connected not only with the crisis phenomena in the economy, although they have contributed, of course, the situation around the “Transaero”. But, still, based, most likely, are the issues associated with the economic policy of the company, financial policies,” said the head of state.

“Just want to say that it is necessary, first, to fulfill all obligations to passengers”, – said the head of state at a meeting with members of the government. He noted that the vast majority of passengers “Transaero” already transported. “Secondly, we need to make sure to do everything to the max to solve social issues associated with employment of staff, pilots, navigators, flight attendants, other staff that works in “Transaero” and it was over 10 thousand people”, – Putin said.

He emphasized that we need to stop selling tickets of “Transaero” and to consider supporting the airlines, “put your shoulder” in this situation.

Problems with Transaero airlines

The airline “Transaero” is the second largest airline in Russia and the main Charter carrier with the deterioration of the economic situation in the country and the increase in the exchange rate began to experience financial difficulties. The company has been unable to provide its activity and to repay the debt.

The government originally discussed the option of selling 75 per cent stake of the airline “Aeroflot”, expecting that the largest carrier will be able to improve the company. However, the holders of shares of Transaero airlines at the time did not collect the stake and pulled the offer.

The tourist market participants fear that the problems with transportation of passengers may lead, including, to the bankruptcy of travel agents.

Total debt of “Transaero” to creditor banks together with leasing is about 250 billion rubles. Among the major creditors of the airline was called Sberbank of Russia, VTB, VEB, Gazprombank, credit Bank of Moscow, Novikombank, Otkrytie Bank, IFC and others.