Aeroflot to rescue ailing Transaero with 75% stake purchase
Transaero, Russia’s second-largest airline, has been struggling to stay afloat after the airline’s net debt totaled RUB106 billion at the end of 2014. An Aeroflot spokesman was quoted as saying “Transaero will be completely overhauled and integrated into the Aeroflot group.” According to a Transaero statement, the deal was concluded during a meeting with Igor […]
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