Aeroflot to Buy Transaero in Tie-Up of Russia's Biggest Airlines

Updated on
  • Aeroflot agrees to acquire 75% of Transaero Airlines
  • Aeroflot to pay 1 ruble for stake, Interfax reported

OAO Aeroflot Passenger Planes At Sheremetyevo Airport

Andrey Rudakov/Bloomberg

Aeroflot PJSC, Russia’s largest airline by passenger traffic, agreed to take over its closest competitor Transaero Airlines as the country’s economic woes shake the industry.

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