[ Airlines ]October 2, 2015 7:53 pm ET

Transaero To Cease Operations in December
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…