Creditors and potential shareholders will try to improve Transaero

Creditors and potential shareholders will try to improve Transaero


The content of the action plan of the former second largest airline of Russia, is expected to be announced on Friday. The Transaero passengers currently served by Aeroflot and other carriers.

MOSCOW, 30 Oct. The main shareholders of the group S7, which includes the airline “Siberia” and “Globus”, on Friday will present to creditors the plan of improvement “Transaero”.

One of the sources familiar with the negotiations, reported earlier that the rehabilitation plan for the former second largest airline of the country prepared and Friday will be announced. While the content of the plan is not disclosed.

Valery Zaitsev, who was elected a week ago the General Director of “Transaero” Dmitry Saprykin is representing Aeroflot, invited creditors to discuss the future of the airline. The meeting is expected to involve shareholder S7 Vladislav Fileva, who has previously announced a desire to acquire not less than 51% of actions “Transaero”.

The source said that the invitation Zaitsev received all creditors Transaero airlines, including state-owned banks. Later VTB, one of the largest creditors of the airline, has confirmed his participation in the meeting.

Transaero airlines has been unable to service debts, which form together with the leasing obligations of about 250 billion rubles. Her tickets aren’t sold. From October 26 the airline no-fly list. Its passengers are transported group airlines “Aeroflot” and other carriers. A number of creditors have filed claims for the bankruptcy of the company.

Fileva’s intention to buy at least 51% of actions “Transaero” became known on 20 October. Later, a source close to the process said that Friday should be re-issued the first tranche of shares — 19%.

In addition, on Thursday the newspaper “Kommersant” reported that a specialized Fund under the Malaysian government, Malaysia Airlines restrukturisasi debts, interested in buying Transaero or formation on the basis of its own fleet of aircraft and new airlines focused on Asia.

Sberbank, one of the main creditors of “Transaero”, the news from Malaysia is not commented on. VTB declined to comment. Vnesheconombank Deputy Chairman Sergei Vasiliev said that the VEB is not aware of the intentions of the Malaysian Fund.

On Thursday of the action “Transaero” on the Moscow stock exchange jumped more than 45% in the hope of saving the company.