General Director of S7 has bought a controlling stake of “Transaero”

MOSCOW, October 20. General Director of S7 airlines Vladislav Filev evening bought “at least 51% of the shares” “Transaero” Alexander Pleshakov, who is the largest shareholder of the airline.

This writes the newspaper RBC.

The publication reports that the amount of the transaction, the participants did not disclose, however, noted that it “significantly more than one rouble” and “will satisfy all parties involved”.

“I prepared this agreement including because they do not would like to prevent the monopolization of the airline industry that passengers and employees of the industry had a choice between airlines. In addition, our goal was to not hurt long-term partners and creditors of the airline, which undoubtedly would have incurred damages in case of bankruptcy”, – quotes RBC of a word Pleshakova.

Filev said that the shareholders “Transaero” has a “plan of settlement of relations with creditors, the airline”, but declined to disclose details. He also noted that new shareholders “by all means try to avoid the bankruptcy of the airline”.

Earlier it was reported that S7 has filed an application to the interdepartmental Commission under the Ministry of transport to receive 24 international destinations, commercial rights are owned by Transaero.

“It’s all international destinations, 24 routes – Europe and CIS, when the interdepartmental Commission, is hard to say”, – said the press service of the S7.

From October 7, S7 Airlines on a Pro Bono basis beginning transportation on a private flight passengers of “Transaero”.

The bankruptcy of the company

The decision on bankruptcy “Transaero”, the accumulated 250 billion debt and under the operational management of “Aeroflot” was adopted at the governmental meeting with the participation of Prime Minister Dmitry Medvedev on October 1.

The carrier has closed the sale of tickets.

Airline tickets (round-trip) for transportation originating before December 15, and ending after 15 December will be cancelled.