The falling of actions “Transaero” has reached 80% of the reported output Fileva from the transaction

MOSCOW, November 3. Shares of Transaero airlines in early trading on the Moscow stock exchange fell by 80% to reach 3.28 ruble per share. As of 10:08 GMT the fall in the company’s securities has slowed to 31.6%, the price now is 11,22 ruble.

The sharp fall in the share price “Transaero” November 3 morning, comes amid reports that the co-owner of S7 airlines Vladislav Filev out of the deal to buy a controlling stake in Transaero. The outstanding judicial claims of actions “Transaero” prevented Filevw to buy a controlling stake of the airline and led to his exit from the transaction, as stated previously, the businessman’s wife Natalia Fileva and the shareholder’s representative.

Co-owner of S7 airlines Filev announced the desire to buy a controlling stake in Transaero airlines from its current shareholders Pleshakova family, promising to save the company and to settle debts to creditors and leasing companies. However, a substantial portion of the stock is pledged to the creditor banks, in particular VTB.