Action “Transaero” have jumped up on 40% on the S7 decision to buy 51% stake in the company

MOSCOW, October 21. Action “Transaero” in the course of trading on the Moscow exchange jumped by 39.85% to the level of 9,51 ruble per share.

At the same time shares of “Aeroflot” have decreased on 4,42% to the level 47,13 ruble per share.

Growth of actions “Transaero” comes amid reports that the General Director of S7 airlines Vladislav Filev on Tuesday night acquired “at least 51% of the shares” “Transaero” Alexander Pleshakov, who is the largest shareholder of the airline. Filev said that the shareholders “Transaero” has a plan for the normalization of relations with creditors of the airline, however, refused to disclose details. He also noted that new shareholders by all means try to avoid the bankruptcy of the airline.

Later Deputy Minister of economic development (MED) Evgeny Elin said that the airline has a real chance of survival, but the airline S7 assumes full responsibility. According to him, is what you expect and what was expected by the MAYOR: one of the most effective companies absorbs less effective and the health of the market.

Transaero will continue its activities after the purchase of its shares by a co-owner of S7 airlines, said a source in aviation circles.