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

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.

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.

First published by TASS.

All rights reserved by Rossiyskaya Gazeta.

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