Many customers flying with domestic airlines recognize Transaero as one of the major players in the transportation world. Crisis moments touched her back in 2014. The company management sought financial support from the government, but the expected assistance was not received. Creditors expressed their disagreement with further debt restructuring, for this reason the company was in the center of a scandal. Is Transaero really bankrupt? This question excites many passengers.
The fall of this company may be in the hands of many competing companies, because the collapse of Transaero will entail enormous changes in the air transportation market. But the fact that the bankrupt is Transaero will not affect ordinary citizens in the best way.
It follows from the statement by Prime Minister Medvedev that the main cause of the problems was the purchase of too many aircraft. Extra costs were made at the time of significant growth, a miscalculation was in this.
The wreck of Transaero
Unreasonable financial policy of the company led her to a fall. She was refused a state guarantee. The leadership of the Ministry of Transport and the Ministry of Economy did not accept the program for overcoming the crisis from the company. As a result of these actions, Transaero was left without any support. Hope to get out of the situation was associated only with the improvement of the market economy, but this, unfortunately, did not happen.
The moment of market reorientation
Leading analysts of Gazprombank tried to predict further prospects and development paths of the domestic air transportation market. From their analysis it follows that after the official departure of Transaero, the liberated part of the niche was successfully divided among large Russian companies.
Aeroflot may experience a significant influx of passengers. The state-owned company accounts for 37% of the total passenger flow, after the competitorās self-liquidation, this figure may increase to 50%. The second no less large air carrier that will benefit from this situation is S7. This company will be able to increase its passenger traffic up to 12%. The last in the top three players will be UTair with a market volume of 10%.
Due to the fall in the total passenger traffic by as much as 5%, an excess of airways formed. After the termination of Transaeroās activity, stability will come to the market.
Possible consequences for fellow citizens
After the Transaero bankrupt leaves the market, ordinary customers should expect higher tariffs in all directions, which will positively affect the profitability of many air carriers. All this is expected in the near future.
The director of Transaero Vitaly Savelyev in an interview said that you should not expect any more affordable flights. The head of this monopoly clarified that there are no obvious prerequisites for reducing the cost of tickets. There is only one company on the market that sells tickets at discounted prices - this is Pobeda. As the director of Transaero explained, if many carriers begin to lower their prices, they will incur losses, and the fate of a bankrupt may repeat.
From the official statement by expert Aleksey Komarov, it follows that with the uneven redistribution of flights operated by Transaero, Aeroflot can get a significant share of the monopoly of this market segment. After this, the cost of tickets for major international flights may increase, which will serve as a strong blow to the tourism business, which is already in a state of crisis.
The company lost ticket sales
Since December 1, the Federal Air Transport Agency decided to issue an official order to Transaero to stop selling tickets. In the summer, the company reduced prices in many areas. Passengers of Transaero very concerned about the situation with her debts. Since no financial institution acknowledged its bankruptcy, the Federal Air Transport Agency cannot officially stop selling tickets.
Money for Transaero tickets will not be returned, and flights will be made by another major player - Aeroflot. The decision to limit the sale of company tickets was made, it will be carried out through the Transport and Clearing Chamber. This resolution will be valid until the management of the company is changed by Aeroflot. At this moment, passengers will be able to see on the board information that the Transaero company flight has been canceled. Upon cancellation of flights, a refund of the spent funds to passengers must be made.
Colossal company losses
Over the past 2015, the airlineās losses grew to a huge amount - about 18.9 billion rubles. But net profit came in the amount of 13.1 billion rubles. From these figures it follows that the company went negative for a whole year of work. Many Transaero employees found themselves without a prestigious job. This is due to the fact that the current program for the transportation of passengers did not bring the company anything but costs. Current Transaero employees worry about the future of their company, because many banks have begun to actively demand a return of debts. She has a large number of creditors, many of which she owes decent amounts. The total debt of Transaero together with leasing is 250 billion rubles. Litigation with creditors and litigation around this company is ongoing. Many credit organizations seek to receive their funds in court. The list of the main creditors of the airline includes Sberbank, VTB, Gazprombank, IFC.
Promotions Transaero
In September 2015, the government received a directive calling for Aeroflot to acquire a 75% stake in Transaero; the cost of one such unit did not exceed one ruble. But for some reason Aeroflot refused the proposed offer.
The next month, Transaero shares rose 17%. According to preliminary data, S7 shareholders intend to acquire 19% of the total share package. The average price for 1 security has reached 11 rubles. After completing this transaction, S7 plans to file a petition with the Antimonopoly Service in order to confirm it.
The fate of the company for today
The current fate of the Transaero air carrier sinking in debt was decided at the level of the head of state. The president clearly identified the companies guilty of financial difficulties. At the heart of this situation are issues related to the methods of conducting the economic and financial policies of the company. The crisis phenomena that arose in the economy played a decisive role in the development of this situation.
The main priorities for this company were identified: in the near future to complete the transportation of passengers, to solve the problems of employment of the current staff of pilots, navigators, stewardesses and other personnel still working in the airline. Soon, many people will see the sign āTransaeroā on the board: the flight is canceled. āAll existing destinations and domestic transportation will be shared between Aeroflot and S7 Group.
Special labor exchange in support of former Transaero employees
A similar exchange is being created in support of personnel who have been left without work. Earlier it was reported that Aeroflot is ready to accept 3,100 people in its staff. Now it is reported that it is ready to accept only 2.8 thousand flight attendants. Transaero employees will continue their professional activities.
This airline claims to have some international flights. The head of state proposed to provide Aeroflot with the right to state support as the main executor of most Transaero obligations. Aeroflot previously announced that it is the main contender for a certain market share, not counting on any monetary guarantees. But this announcement did not stop him from demanding Transaero debt repayment in the amount of 5 billion rubles. judicially.
Farewell to Transaero Bankrupt!
The whole procedure for the reorganization and transfer of the company to Aeroflotās control will take just over six months in time. All this may require a revision of the existing model of domestic air transportation. Compliance with all agreements during the process of their unification will be closely monitored by the administration of the head of state together with the current government. This famous brand disappears, leaving healthy Aeroflot with all its internal resources. This decision is quite rational, because the symbolism and target audience of these 2 companies are almost the same. So why not leave the strongest of them? This is quite logical and reasonable. And how many more such cases will throw the crisis, it remains only to speculate.