The deadline for the takeover of Transaero, Russia's second-biggest airline, by Aeroflot has elapsed, says Deputy Prime Minister Igor Shuvalov. As another rescue plan is being considered, bankruptcy for the carrier is still a possibility, he added. "The main condition that the government should accept is that we do not have to save the company, but we have to take care of the people," said the minister. Shuvalov is referring to the more than 10,000 Transaero employees that may lose their jobs.
"Even if the situation doesn’t turn out good for the company, in any case, people will not be left without support. We will deal with it seriously,” said Shuvalov. He also said that the government, if necessary, will help Aeroflot to refund or exchange tickets sold by Transaero. "There should be no defrauded customers,” he added.
Almaty, INC NEWS, 30/09/2015 - via RT
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