Transaero Airline has been declared bankrupt by the Commercial Court of Saint Petersburg and Leningrad region, Russias TASS agency reported Sept. 13.
Russias Sberbank filed a bankruptcy motion against Transaero on Oct. 19, 2015; the court put the airline under external supervision in December 2015.
External supervision representatives said at the court Sept. 13 they had seen characteristics of premeditated bankruptcy, TASS reported. Since 2012, Transaero’s financial condition had declined and accounts had been disfigured. Creditor claims now reach RUB329 billion ($5.7 billion), TASS said, quoting bankruptcy supervisor representatives.
The airline owns…
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