When President Donald Trump signed the over $2 trillion stimulus package known as the CARES Act into law on March…
Transaero’s Fleet Heads for Storage
Following the sudden and climatic end to Russian airline Transaero, the airline’s fleet has begun positioning to storage locations. At the start of the month, Transaero announced it would be shutting down, expecting final flights in the middle of December. However, this process was quickly brought forward, and on October 26th, Transaero’s Operations Certificate was revoked by Russia’s Federal Air Transport Agency, Rosaviatsia.
— Flightradar24 (@flightradar24) October 25, 2015
The agency performed an unscheduled audit between Oct. 6 and Oct. 20, finding that the airline is “unable to service and repay its debt, as well as fund its operations,” according to the Russian Federal Aviation Regulations (FAR).
Since the announcement that Aeroflot’s attempt at taking over the debt-troubled airline fell through, S7 Airlines reportedly signed an agreement to acquire 51% of the airline. However, this last ditch attempt fell through as well, leaving Transaero with aircraft it had no funds to operate.
On October 25th, the airline began ferrying some of its fleet to its storage facilities. Around 25 aircraft under the callsign TSO87XX have already been positioned to Teruel Airport, Spain, joining stored aircraft from fellow Russian airline UTAir. Transaero’s two special livery 747s, EI-XLN “Tiger Flight” and EI-XLO “Flights of Hope” are among those that have been sent into storage.
On the same day while other aircraft were being ferried into storage, a Transaero 767-200 operated the company’s last flight, flying as UN160 from Magadan to Moscow with a flight time of just over 7 hours.
Russian air transport is experiencing one of the worst crisis in its history as the market has been hit by the slump in oil prices, spiking a strong drop in purchasing power in recent years. These factors along with a weak local currency, continues to make it difficult for an airline such as Transaero to survive. Many of its leased aircraft will be returned to its creditors, and nearly 10,000 jobs will disappear shortly thereafter.
- Qantas to Operate A380 Between Darwin and London - March 23, 2020
- U.S. Travel Ban Extended to the U.K. and Ireland - March 14, 2020
- Qantas Announces Measures to Reduce Impact of Coronavirus - March 9, 2020
Over the last week, governments across the world have been under increased pressure to repatriate their citizens back home as…
Singapore's Finance Minister Heng Swee Keat announced on Thursday that the carrier is considering a corporate action with the support…