MOSCOW, October 26. Action “Transaero” on the Moscow stock exchange fell by 35.5% to reach 7.1 ruble per share.
In early trading, the reduction was only 22%.
The growth of the company’s shares on 21 October amounted to 187%.
According to experts, the growth of the company’s securities were not large investors, while small speculators are, therefore, sustainable growth of actions “Transaero” analysts considered it unlikely.
Already on October 22, paper Transaero airlines started reducing and one day fell to 23%, and on Monday continued to fall heavily. In one day, 21 October the share price rose from 6.8 per ruble, to 19.5 rubles, and so far the action “Transaero” has lost almost all of the growth achieved on 21 October.
The deal with S7
The sharp growth of actions “Transaero” occurred against the backdrop of reports that the General Director of S7 airlines Vladislav Filev has acquired not less than 51% of actions “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 to operate after the purchase of its shares by a co-owner of S7 airlines, said a source in aviation circles.
The head of Rosaviation Alexander Neradko said on October 21, the journalists that the air operator certificate of airline “Transaero” cancelled from 26 October due to the deterioration of its financial condition that affect aviation safety. The cancelled certificate, in accordance with the rules, will not be restored, he said.
The Problem Of “Transaero”
The largest private airline Transaero, according to industry experts, in recent years the market has not adequately increased its fleet and passenger numbers. However, she has gained about 260 billion debt.
In early September the company was placed under operational control of “Aeroflot”. 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, Sberbank submitted the claim about bankruptcy “Transaero”.