Transaero

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 […]