Well-rounded article on the matter (available in Russian - but if using Chrome, the auto-translation works fairly well): www.tass.ru/ekonomika/2309348
- Decision for Transaero's bankruptcy has been reached today after airline and government officials met with the PM this afternoon. Shares plummeted by 11.86%.
- Bankruptcy is now seen as the only way to try and lighten the blow by offering some sort of protection to UN employees. Bankruptcy process will now need to be initiated by the airline or the creditors.
- Transaero's debt is equal to about 250,000,000,000 RUB ($3.8 Billion) - which includes ₽150 billion to leasing and ₽20 billion is owed to airports and fueling companies.
- Transport Minister Maksim Sokolov stressed that all UN passengers will be accommodated. He stated that Rosaviation has formally sent notice to Transaero to suspend all ticket sales.
- VEB-leasing will be hit hard during this process as they are the top leasing company for UN. Further measures will have to be taken by officials to make sure the impact is minimized.
- No agreements yet with other airlines to transport UN passengers. Talks with Aeroflot, S7, Ural, NordStar and others still continue as a solution needs to be reached.
- Aeroflot is currently spending ₽200 million daily to sustain UN operations.
- Aeroflot will suspend payments to fuel UN aircraft on Oct. 2nd. Notices have been sent to airports. Antalya's airport in Turkey has already held back 3 Transaero departures today to Moscow, Omsk and Yekaterinburg, stranding 700 passengers.
Dear Peter, thanks for your suggestion. A year and a half ago i promised to vote for transaero until 196 gets convoyed, and, despite the evident hopelessness of the situation, i have been doing this diligently and enthusiastically - something like moral support to this interesting airline. unfortunately, life is what it is... i never change my votes. during the time of the next convoy, UN will probably be already liquidated, and then i'll vote for something else.