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2 years ago
Co-owner of Russia's S7 agrees to buy at least 51 pct of Transaero - S7 spokeswoman
October 20, 2015 / 7:29 PM / 2 years ago

Co-owner of Russia's S7 agrees to buy at least 51 pct of Transaero - S7 spokeswoman

MOSCOW, Oct 20 (Reuters) - A co-owner of Russia's S7 Airlines, Vladislav Filev, has signed an agreement to buy at least 51 percent of airline Transaero, a spokeswoman for S7 said on Tuesday.

Transaero, Russia's second-biggest airline, is laden with debt. Two of its main creditors, Sberbank and Alfa Bank, have filed bankruptcy cases against the airline after it lost out on a lifeline deal with competitor Aeroflot. (Reporting by Gleb Stolyarov; Writing by Alexander Winning; Editing by David Holmes)

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