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AK Transaero OAO (TAER.MM)

TAER.MM on Moscow Interbank Currency Exchange

1.28RUB
28 May 2017
Change (% chg)

руб-0.08 (-5.88%)
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Latest Key Developments (Source: Significant Developments)

Transaero sends offer to creditors for launching new company
Wednesday, 16 Nov 2016 09:53am EST 

Transaero : Sends offer to creditors for launching a new company based on Transaero . Under the offer a new legal entity will be created in accordance with the assets replacement procedure, it will be wholly owned by Transaero . All material assets of Transaero (including brand) will be transferred to the new entity . After the transferred assets have been evaluated, the new entity will be put up for sale, and as a result existing creditors of Transaero will receive stakes in the new company proportionally to size of debt . The creditors will thus become sole shareholders of the new company, but it is possible that through additional share issue other shareholders can enter into its capital, i.e. new investors or management of the new company . The investments in new airline can amount to $75 million until 2018 . It is expected that the company will break-even by the end of 2018 and by 2020 its revenue can amount to 36 billion roubles ($554.08 million) Further company coverage: [TAER.MM] ($1 = 64.9723 roubles) (Gdynia Newsroom) ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)) Keywords: (URGENT).  Full Article

AK TRANSAERO OAO appeals Rosaviatsiya's order revoking its air operator certificate-Reuters
Wednesday, 23 Dec 2015 10:52pm EST 

AK TRANSAERO OAO:Transaero Airlines has filed a claim to dismiss order of the Federal Air Transport Agency (Rosaviatsiya) revoking its air operator certificate, according to court materials-Reuters.The court said the claim has been submitted in compliance with the law and initiated the proceedings.The preliminary hearing has been set for Jan. 27.  Full Article

AK TRANSAERO OAO names Aleksandr Burdin general director
Tuesday, 24 Nov 2015 11:45am EST 

AK TRANSAERO OAO:Says appoints Aleksandr Burdin as general director, chairman of the management board.  Full Article

AK TRANSAERO OAO announces change of general director
Tuesday, 27 Oct 2015 08:19am EDT 

AK TRANSAERO OAO:Dismisses Dmitry Saprykin from general director, chairman of the management board post immediately.Appoints to general director, chairman of the management board post Valery Zaytsev.  Full Article

AK TRANSAERO OAO intends to file for bankruptcy
Sunday, 25 Oct 2015 08:00pm EDT 

AK TRANSAERO OAO:The company, represented by its general director Dmitry Saprykin, intends to file for bankruptcy to the arbitration court.  Full Article

Russia's Alfa Bank files bankruptcy suit against AK TRANSAERO OAO-Reuters
Monday, 19 Oct 2015 10:22am EDT 

AK TRANSAERO OAO:Russia's Alfa Bank has filed a bankruptcy lawsuit against debt-laden airline Transaero, TASS news agency cited the lender as saying-Reuters.Another Transaero creditor, Sberbank, has also begun legal proceedings to declare the airline bankrupt.  Full Article

Russia's Sberbank files bankruptcy suit against AK TRANSAERO OAO-Reuters
Monday, 19 Oct 2015 08:26am EDT 

AK TRANSAERO OAO:Russian state lender Sberbank has filed a lawsuit in St Petersburg to declare indebted airline Transaero bankrupt, court documents showed on Oct. 19-Reuters.The claim was lodged on Oct. 16, the court said without providing further details.  Full Article

Aeroflot OAO will not extend tender offer to acquire AK Transaero OAO stake
Wednesday, 30 Sep 2015 08:00pm EDT 

Aeroflot OAO:The board of directors Aeroflot has been informed that Transaero shareholders, who previously submitted a tender offer to Aeroflot, have not submitted a proposal for the purchase by Aeroflot of a stake of 75 pct plus one share in Transaero within the deadline stipulated in the tender offer.The board of directors also reviewed a progress report on measures undertaken to restructure Transaero during Sept.While disruptions in the civil aviation market and social tensions among Transaero employees have been avoided, the board of directors noted this and decided not to extend the terms of the tender offer from Transaero shareholders that the Board of Directors considered on Sept. 3.The board therefore directed Aeroflot’s management to ensure that Transaero fulfills its obligations to passengers, and also to minimise any negative social consequences for Transaero staff.The board of directors also granted permission to Aeroflot’s management to use Aeroflot’s own funds to stabilise Transaero within established limits.  Full Article

AK TRANSAERO OAO share consolidation failed-Reuters
Wednesday, 30 Sep 2015 04:32am EDT 

AK TRANSAERO OAO:Plans to help Russia's debt-laden airline Transaero, which is being acquired by Aeroflot, will be changed after an attempt to consolidate 75 percent of its shares failed, First Deputy Prime Minister Igor Shuvalov said-Reuters.Shuvalov also said he did not rule out Transaero going bankrupt.Transaero shares were down 11 percent as of 0929 GMT, after Shuvalov's comments.  Full Article

Aeroflot approves acquisition of AK TRANSAERO OAO for 1 rouble
Wednesday, 2 Sep 2015 10:16am EDT 

AK TRANSAERO OAO:Aeroflot says its board approved acquisition of 75 pct plus 1 share in TRANSAERO OAO for 1 rouble.  Full Article

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