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 […]
It looks like it is over for Russia’s largest privately owned airline, Transaero, as the takeover by State-owned flag carrier Aeroflot has fallen through. Today, Transaero’s stocks plummeted by 53% to an all-time low, trading at just 12 rubles (less than 20 cents) on the Moscow Stock Exchange. Some Background on the Carrier Founded in […]
This week the Canadian airline, CanJet, has finally called it quits. The leisure and charter carrier was a shell of its former self and after multiple cuts which slowed but didn’t stop the financial bleeding, president Stephenn Rowe pulled the plug. The 13 year old carrier based in Halifax, Nova Scotia, had only one aircraft and […]
Get the latest stories & special offers delivered directly to your inbox
SUBSCRIBE
