The management of Transaero prepared a new airline launch plan, press service of the Russian air carrier said on Wednesday.
"The management prepared a feasible and functional plan to launch a new airline on Transaero base in cooperation with leading consultants. According to operating regulations, the company management shall present the developed plan to the board of directors for endorsement. This will be done on November 4, 2016. However, considering the current situation, creditors will in any case make final decision on this plan," Transaero said.
It was reported earlier Transaero Board of Directors will discuss the program for recovery of core business before November 11.
Transaero, the second largest Russian airline before, faced financial difficulties and failed to maintain operations and repay debts. In October 2015 the Russian government made a decision on bankruptcy of Transaero and the aviation regulator canceled its operator’s certificate.
Oriens Aviation has appointed Narine Melkumjan as Sales Manager for the Netherlands, strengthening its presence in the Dutch market following its designation as Tecnam’s exclusive dealer in the...
Asco, a subsidiary of Montana Aerospace AG, achieves significant technological milestone in the development of a hybrid multi-material Rear Secondary Structure for Airbus. Montana Aerospace,...
TARMAC Aerosave has set a new industry benchmark by becoming the first company in the world to secure Aircraft Fleet Recycling Association (AFRA) accreditation across all three scopes of aircraft disa...
Air Baltic Corporation AS , Latvia’s national airline and the leading carrier in the Baltic States, announced that airBaltic and its subsidiaries participating in the voluntary Ch...
