Europe

Transaero to cease operations on 26th October 2015

Artzzz I Dreamstime

Transaero has stopped operations at midnight (25/26 October), following the decision by the Russian aviation regulator to revoke its operator’s licence effective 26 October.

Transaero passengers will be carried on flights operated by Aeroflot Group and where necessary other airlines. Aeroflot Group has the necessary operational capabilities to ensure uninterrupted carriage for Transaero passengers. Of the 1.93 mln Transaero tickets sold for flights before 15 December 2015, 1.83 mln passengers — or 94.8% of the total — have already been flown under Aeroflot’s operational management.

The Russian private airline filed for bankruptcy on 1 October 2015. It has been reported that by March 2015, Transaero had accumulated around 1.1 billion Euros of debt.

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