Source: Transaero will continue its activities after the purchase of its shares by a co-owner S7


MOSCOW, October 20. The airline “Transaero” will continue its activities after the purchase of its shares by a co-owner S7. About this informed a source in aviation circles.

“The most likely scenario – the company continues its activity. Will develop a financial recovery plan, debt restructuring agreed with lenders. Most likely, as a consultant will be hired by the foreign Bank, which will help to develop a plan of restructuring”, – said the Agency interlocutor.

According to him, financial problems “Transaero” in fact the only comment made by the Federal air transport Agency. Approval of a rehabilitation plan will be the basis to remove all claims of the Federal air transport Agency, the airline will be able to maintain the operator’s certificate. The plan may be provided including optimization of costs with their reduction. After these decisions, according to a source, will probably open a ticket on airline flights.

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.