Transaero Beyond Rescue, Says Bank

A proposed takeover of Transaero by S7 co-founder Vladislav Filyov will not be enough to save it, one of the airline’s creditors has reportedly said.

<p>A proposed takeover of Transaero by S7 co-founder Vladislav Filyov will not be enough to save it, one of the airline’s creditors has reportedly said.<p>Sberbank deputy chief Maxim Poletaev made the prediction to Russia’s RIA news agency, although he added that the bank would sit down with Filyov, who has promised to stabilise relations with Transaero’s creditors. Sberbank is currently pressing to have Transaero declared bankrupt.</p>

TAGS: Europe
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