Media: Malaysian investment Fund interested in different forms of investment in “Transaero”


MOSCOW, October 29. A major investment Fund, created with participation of the government of Malaysia and “team, with experience in restructuring Malaysia Airlines and AirAsia”, as well as manage smaller airlines, is interested in various forms of investment in “Transaero”, informed the newspaper “Kommersant” the President of the Russian investment Agency (RIA) Yury Spiridonov.

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According to him, representatives of the investor, together with RIA has already held two meetings with the leadership of the Ministry of transport, which have expressed interest in acquiring “Transaero”. As representatives of the Ministry of transport and the negotiating of the largest creditor banks of the company (Sberbank, VEB, VTB) supported the plan, said a top Manager of RIA.

Spiridonov noted that configurations may be two. First – purchase of 100% of actions “Transaero”, while 50% remains in the investment Fund and 50% is transferred to the management of RIA, and debt restructuring of the company. “Malaysian investors have experience with debt: they’ve already successfully restructured the debt of Malaysia Airlines, component 6 billion dollars”, – said the head of the RIA. The second option – if you save “Transaero” will not work, it is possible to buy part of its fleet (Airbus A380, which made the first lease payment) and to add their own planes, establish a new airline.

The new company should be guided as to direction Transaero airlines and long-haul flights to India, China and South-East Asia. “Asia is a big market,’ said Spiridonov, the flow of passengers is provided, plus the company will be able to offer lower prices of “Aeroflot” or “Transaero””. Ownership structure in this case should be the same as in the case of purchase.

He added that at the beginning of November is scheduled a new meeting, and said that “Transaero” is interested in two of the Arab Fund.

In the transport Ministry declined to comment. In the banks-creditors either not comment or have not responded to the request for publication.

The bankruptcy of the air carrier

On 1 October the government decided on bankruptcy of the carrier. The company has stopped sale of tickets. The Federal air transport Agency on the results of the inspection of Transaero airlines, despite the desire of the co-owner Vladislav Fileva, S7 Group to buy a controlling stake in the company, decided to revoke the certificate of the operator “Transaero” since October 26. 56 international routes, the carrier agreed to transmit the group of “Aeroflot”.

In mid-October, Alfa-Bank and Sberbank filed lawsuits on bankruptcy “Transaero”. October 27 it became known that the Gazprombank also intends to address in court with the statement for bankruptcy of airline “Transaero”.