Russia's Aeroflot is to take over domestic rival Transaero, "in the interests of the further development of civil aviation and the creation of one of the largest air-transport groups in the world," the flag carrier said.
Transaero has been struggling with a US$1 billion debt and under Aeroflot, its activities will be "restructured and integrated at the operational level".
Aeroflot carried 14.6 million passengers on domestic and international routes in the first seven months of the year, compared to 7.5 million for Transaero. The next biggest airline, S7, carried 4.5 million passengers.
Russia's Aeroflot is to take over domestic rival Transaero, "in the interests of the further development of civil aviation and the creation of one of the largest air-transport groups in the world," the flag carrier said.
Transaero has been struggling with a US$1 billion debt and under Aeroflot, its activities will be "restructured and integrated at the operational level".
Aeroflot carried 14.6 million passengers on domestic and international routes in the first seven months of the year, compared to 7.5 million for Transaero. The next biggest airline, S7, carried 4.5 million passengers.
