The official representative of “Aeroflot” confirmed that the company plans to acquire a 75% stake in the second largest Russian airline “Transaero”. This is one of the possible bailout airline has accumulated debts of more than 160 billion rubles. Presumably, the amount of the transaction is 1 ruble.
The fact that “Aeroflot” can acquire 75% plus one share of the airline “Transaero”, whose debt at the end of 2014 year was no less than 160 billion rubles., three sources told “Kommersant” people familiar with the situation. Today, this issue was discussed at a meeting on the development of the aviation industry with First Deputy Prime Minister Igor Shuvalov. According to sources, “b”, the issue of the purchase of the package will be submitted to the next Board of Directors “Aeroflot”. The government as a whole approved the impending deal, said the source “b”. At the same time all obligations “Transaero”, including the passengers and employees must be “unconditionally implemented,” sources said.
The company “Aeroflot” confirmed this information. “Activity” Transaero “will be completely restructured and integrated into the group of” Aeroflot “, – said the representative of the airline,” RIA Novosti “. According to the source agency, the board of directors” Aeroflot “will consider the rehabilitation of” Transaero “on Thursday, the transaction amount will be 1 rubles .
Losses “Aeroflot” went to take off
The growth of passenger traffic by 14% and revenues by 25.8% to 176.5 billion rubles., has not helped the group of “Aeroflot” to go on the net profit in the first half. The loss group increased by 86%, to 3, 54 billion rubles., the major contribution it has made hedging, in particular, concluded earlier options for fuel and currency swaps. As a result, fuel costs rose by 11%. The “Aeroflot” was able to increase its market share by 5.8 p. p ., up to 37%
«Transaero” in financial difficulties since the autumn of 2014. The main negative factors affecting the financial position of the carrier in the company including penalties called, the depreciation of the ruble, reduce demand, restricting flights over Ukraine According to IFRS for 2014, total debt “Transaero” is about 160 billion rubles., of which short-term had 81.2 billion rubles. Accounts receivable increased by almost 70%, to 36.2 billion rubles. According to RAS for the first six months of 2015 net loss of “Transaero” amounted to 8.5 billion rubles.
At the end of December 2014 “Transaero” has received a state guarantee on the loan VTB 9 billion rub. Sources “Kommersant” was told that the carrier was planning to re-apply for state aid. The head of “Aeroflot” Vitaly Saveliev is the sum of possible government guarantees for “Transaero” 40-70 billion rubles., But “Transaero” is denied.
Against the backdrop of today’s news share price ” Transaero “on the Moscow Stock Exchange has soared almost 40% to 116 rubles. apiece, then the price adjusted to 95.5 rubles. per share. Shares of “Aeroflot” fell by 2,9%.
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Transaerofobiya
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