The General Director “Transaero” has told about plans on creation of a new airline – RBC

Photo: Marina Lystseva/TASS

the Head of “Transaero” Alexander Burdin, told “Vedomosti” on the plan of the new airline. According to him, control it will be creditors, “Transaero”, the debt will actually be converted

Shareholders in the new airline, which will be established on the basis of “Transaero” will be the old creditors, Executive Director and controlling shareholder of the carrier Alexander Pleshakov shares in the new company will not have. About this “Vedomosti” said the General Director “Transaero” Alexander Burdin.

According to him, lenders in new airlines will receive shares in proportion to the debt, that is debt actually converted. When this happens, the banks can dismiss reserves for old loans “Transaero” and to put the money into circulation, and the shares of the new company will be able to be put on the balance sheet, pledged or sold. Burdin also noted that Russia is such a case precedent, but in the West the scheme of bankruptcy of airline companies working for a long time.

Responding to a question on the amount payable zalojennosti “Transaero” Burdin said that lenders are trying to say to the court requirements of 251.8 billion rubles, the debt to the banks amounts to 92 billion rubles, the debt to contractors of about 30 million Fully RUB the register of creditors will be formed by the end of winter, he added.

CEO of “Transaero” also said that a plan to restart the airline participated McKinsey and in the case of adoption of the plan of the “Transaero” will be the new value.

the Initial investment to start new companies Burdin was estimated at $ 20 million, by 2018 there should be about $ 75 million. “it is Advisable to begin flights with the summer schedule of 2017 (ie in April). To receive a new certificate you need 60 days. But you can join a small company with a certificate and fly under the brand of “Transaero”, — he told.

the return to profitability, according to CEO, is scheduled to end in 2018, in 2020 revenues could reach 36 billion roubles, and the passenger traffic of 4.1 million people.

Earlier Burdin has offered to restart “Transaero”, but lenders have reacted to this idea critically. Executive Director of the Agency “AviaPort” Oleg Panteleev has reminded that to create a new carrier on the basis of the legal entity makes sense only to lenders who want to convert debt into capital, but the major creditors have already acted against.

the Head of the Ministry of transport of Russia Maxim Sokolov called the question of the resumption of activities of “Transaero” illusions.