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Russia's Transaero airline didn't initiate consolidation with Aeroflot — CEO

September 02, 2015, 13:23 UTC+3
The airline management offered two different scenarios - implementation of an earlier decision on establishment of a banking syndicate, or a financial recapitalization of the company
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© Marina Lystseva/TASS

MOSCOW, September 2. / TASS / Russia's Transaero airline and its shareholders were not initiators of consolidation with Aeroflot, Transaero CEO Alexander Pleshakov said in a statement on Wednesday.

"Neither Transaero, nor its shareholders were the initiators of this consolidation. The airline management offered two different scenarios - implementation of an earlier decision on establishment of a banking syndicate, or a financial recapitalization of the company," said Pleshakov.

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