Aeroflot Russian Airlines (Moscow) will not proceed with its acquisition of 75 percent of the stock of rival and struggling Transaero Airlines (Moscow) according to Reuters. Transaero’s shareholders failed to meet the deadline for an acquisition plan.
Read the full report: 
Meanwhile the Russian government has given its approval for Transaero to file for bankruptcy according to rt.com.
Read the full report:
The airline has acknowledged on social media that it is “rehabilitating its activities” and would have more details later today.
According to Bloomberg the airline’s creditors have not yet agreed on a restructuring plan. The government has banned the airline from selling any further tickets due to its large debt.
Aeroflot will reportedly stopped buying fuel for Transaero aircraft which affectively grounds the airline.
Read the full report:
No comments:
Post a Comment