“Transaero” will discuss the plan for the resumption of the activities of the company

The plane aviakopanii “Transaero”

Photo: Marina Lystseva/TASS

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Stock quotes “Transaero” took off on information about the intention of the Directors of “Transaero” to discuss the recovery plan of the main activities

The Board of Directors of “Transaero” will consider proposals and program “recovery of the main activity” of the airline, the message of the company. The essence of the proposals and programmes in the message is not given, it is only noted that a Board of Directors meeting scheduled from 4 November to 11 November 2016 by voting in absentia.

While the program’s future development, the Board of Directors, headed by the main shareholder of “Transaero” Alexander Pleshakov, plans to summarize the activities of “Transaero” in January-September 2016.

Reports on the intention of the “daughters” to consider the programme of resumption of flights has led to a sharp increase in the value of the company’s shares on the Moscow exchange. The maximum value of the market soared to 5.83 RUB apiece, more than half (+53,4%) higher than the yesterday’s closing level (3,8 rbl.). 10:45 Moscow time cost of one action “Transaero” on the Moscow stock exchange amounted to 5,09 RUB.

At the end of June 2016, the shares of Transaero airlines rose sharply (at the peak of growth of quotations amounted to about 80%) after the General Director “Transaero” Alexander Burdin said about the possibility of creating on the basis of the new carrier. But then the value of the securities fell again.

In early September the Minister of transport of Russia Maxim Sokolov said it was impossible to revive the “Transaero”, but did not rule out the creation of a new airline on the basis of part of its fleet.

Operating activities Transaero terminated as of October 26, 2015. In mid-December of the same year the Arbitration court of St.-Petersburg and Leningrad region upheld the claim of the savings Bank of the bankruptcy of the airline and introduced a procedure of observation.

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