The Arbitration Court of Saint Petersburg and Leningrad region has put Transaero Airline under external supervision, in a decision published on the court’s website Dec. 16. Russia’s Sberbank filed a bankruptcy motion against Transaero on Oct. 19, after Aeroflot’s plans to acquire Transaero fell through. Transaero’s overall debt reached RUB250 billion ($3.72 billion), Interfax agency reported Sept. 4, quoting Sberbank president Herman Gref. Sberbank is one of ...

Subscribe to Access this Entire Article

"Russian court puts Transaero under external supervision" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? Log in here.