Currency converter
All news
News Search Topics
Use filter
You can filter your feed,
by choosing only interesting

Aeroflot won’t get all international routes of Transaero

October 16, 2015, 17:23 UTC+3 MOSCOW

Russia’s Federal Antimonopoly Service says Aeroflot won't be allowed to do this, because competition on the market is needed

1 pages in this article
© ITAR-TASS/Valeriy Sharifulin

MOSCOW, October 16. /TASS/. Russia’s flagship carrier Aeroflot should not get all the international routes of Transaero airline, Igor Artemyev, head of Russia’s Federal Antimonopoly Service (FAS) told reporters.

"I can say for sure that Aeroflot must not get everything. Definitely, it won’t get everything. We will not allow it to do this, because we want competition to continue on the market," he said.

Artemyev said that Aeroflot had suffered heavy losses because it acted as the major donor and prevented a social explosion.

"In this situation we should compensate its losses. It (Aeroflot — TASS) will get a number of routes of Transaero. Other companies will also receive some. That is how it should be," the head of FAS said.

On Wednesday, Transport Minister Maxim Sokolov said that Aeroflot did not apply for all destinations of the Transaero airline.

As reported earlier, a meeting chaired by Russia’s First Deputy Prime Minister Igor Shuvalov on September 1 endorsed a purchase of a stake amounting to 75% plus one share in Transaero by the national flag carrier Aeroflot. The price of the transaction was one Russian ruble.

On October 1, a cabinet meeting with Russian Prime Minister Dmitry Medvedev made a decision on the bankruptcy of Transaero airline, which has accumulated a 250 billion rubles ($3.9 mln) debt and is now under the operational control of Aeroflot.

Show more
In other media
Partner News