Air carrier-bankrupt. Transaero: reasons for the financial problems of the airline

Many customers flying domestic airlines, recognize the "Transaero" as one of the major players in the world of transportation. Crisis moments affected it as early as 2014. The company's management appealed for financial support to the government, but the expected assistance was not received. The creditors expressed their disagreement with the further restructuring of the debt, for this reason the company was at the center of a loud scandal. Is it really a bankrupt Transaero? This issue worries many passengers.

The fall of this company may be beneficial to many competing companies, because the collapse of Transaero will entail a grandiose change in the air transportation market. But the fact that the bankrupt - "Transaero", will not affect the best way on ordinary citizens.

From the statement of Prime Minister Medvedev, it follows that the main reason for the problems that have arisen was the purchase of too many aircraft. Extra costs were incurred at the time of significant growth, the miscalculation was in this.

The wreck of "Transaero"

The 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 a program to exit the crisis situation from the company. As a result of these actions, Transaero remained without any support. The hope for a way 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 forecast further prospects and ways of development of the domestic air transportation market. From their analysis it follows that after the official departure of Transaero, the large part of the niche will be successfully divided among themselves by large Russian companies.

The company "Aeroflot" can feel a significant influx of passengers. The state-owned company accounts for 37% of the total passenger traffic, after the competitor's self-destruction, this figure may increase to 50%. The second no less large air carrier, which will benefit from this situation - S7. This company will be able to increase its passenger traffic to 12%. The last in the top three players will be "Uteir" with a market volume of 10%.

Due to the fall in the total volume of passenger traffic, as much as 5%, there was an excess of air routes. After the termination of Transaero's activities, stability will come to the market.

Possible consequences for fellow citizens

After the market leaves the bankrupt Transaero, ordinary customers should expect an increase in tariffs in all directions, which will positively affect the profitability of many air carriers. All this is expected in the near future.

Director of Transaero Vitaly Saveliev said in an interview that there is no need to wait for available air tickets. The head of this monopoly specified that there are no clear prerequisites for reducing the cost of tickets. In the market there is only one company selling tickets at discounted prices is "Victory". As explained by the director of Transaero, If many air carriers start lowering their rates, they will suffer losses, and the destiny of the bankrupt can be repeated.

From the official statement of the expert Alexei Komarov, it follows that with the uneven redistribution of flights carried out by Transaero, Aeroflot can get a significant share of the monopoly of this market segment. After that, the cost of tickets for major international flights may increase, which will be a powerful blow for the tourist business, and so in a state of crisis.

The company lost ticket sales

Since December 1, Rosaviatsiya decided to issue a formal instruction to the management of Transaero about the termination of ticket sales. In the summer, the company cut rates in many areas. Passengers of "Transaero" Are very concerned about the current situation with its debts. Since no financial organization has recognized its bankruptcy, Rosaviatsia can not officially stop selling tickets.

Money for tickets "Transaero" will not be returned, and flights will be carried out by another major player - Aeroflot. The decision to restrict the sale of tickets of the company is accepted, it will be conducted through the Clearinghouse and Clearing House. This decree will be in force until Aeroflot's management changes the management of the company. At this point, passengers will be able to see on the scoreboard information that the company "Transaero" flight canceled. On cancellation of flights the return of the spent means to passengers should be made.

The colossal losses of the company

Over the past 2015, the amount of losses of the airline rose to a huge amount - about 18.9 billion rubles. But the net profit came in the amount of 13.1 billion rubles. From these figures it follows that the company went into minus for a whole year of work. Many employees of Transaero found themselves without prestigious work. This is due to the fact that the current program for the transportation of passengers did not bring the company anything but costs. Active employees of Transaero are worried about the future of their company, because many banks have begun to actively demand the return of debts. She has a large number of creditors, many of whom she needs a decent amount. The total amount of debt "Transaero" together with leasing is 250 billion rubles. Legal proceedings with creditors and proceedings around this company are continuing. Many credit institutions seek to get their money in court. The list of the main creditors of the airline includes Sberbank, VTB, Gazprombank, IFC.

Shares of Transaero

In September 2015, the government received a directive with a call for Aeroflot to acquire a stake in Transaero at a rate of 75%, the cost of one such unit did not exceed one ruble. But for some reason, Aeroflot declined the proposed offer.

The next month, Transaero shares increased by 17%. According to preliminary data, S7 shareholders intend to purchase 19% of the total share package. The average cost per 1 security reached 11 rubles. After registration of this transaction, S7 plans to file a petition with the Antimonopoly Service with a view to its confirmation.

The fate of the company for today

The current fate of the drowning air carrier "Transaero" was decided at the level of the head of state. The president clearly identified the companies responsible for the financial difficulties. At the heart of this situation are issues related to the methods of economic and financial policy of the company. The crisis phenomena that appeared 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 finish the transportation of passengers, to solve the problems of finding employment for the current staff of pilots, navigators, flight attendants and other personnel who are still working in the airline. Soon on the scoreboard many will see the inscription - "Transaero": the flight is canceled. "All operating lines and domestic transportation will be divided between Aeroflot and the S7 group.

Special labor exchange in support of former employees of Transaero

Such a stock exchange is created in support of staff left without work. Earlier it was reported that Aeroflot was ready to accept 3,100 people in its staff. Now it is reported that only 2.8 thousand flight attendants are ready to take. Transaero employees will continue their professional activities.

This air carrier applies for some flights of international importance. The head of state was offered to grant Aeroflot the right to state support, as the main executor of most of Transaero's obligations. Aeroflot previously announced that it is the main contender for a certain market share, not counting on any cash guarantees. But this announcement did not prevent him from demanding from Transaero a debt repayment amounting to 5 billion rubles. judicially.

Farewell, bankrupt "Transaero"!

The whole procedure of measures for the rehabilitation and transfer of the company under the control of Aeroflot will take a bit more than half a year. All this may require a revision of the existing model of domestic air transportation. The observance of all agreements during the process of their unification will be closely monitored by the administration of the head of state in conjunction with the current government. This famous brand disappears, leaving a healthy "Aeroflot" all its internal resources. Such a decision is quite rational, because the symbols and target audience of these two companies are practically the same. So why not leave the strongest of them? This is quite logical and justified. And how many more such cases will the crisis throw, it remains only to assume.