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Russia

World news about “Russia” published by euronews.

01/09 17:42 CET

Aeroflot buys Transaero to create air transport giant

Aeroflot buys Transaero to create air transport giant

Aeroflot is buying a 75% stake in ailing private airline Transaero for one rouble. The Russian national carrier’s takeover creates one of the world’s largest air transport companies. Aeroflot takes over Transaero’s 1.4 billion euro debt, and says the company…