Russian carrier Transaero is in danger of collapse after Aeroflot pulled out of purchasing a stake in the struggling airline.

Last month, government-owned Russian flag carrier Aeroflot announced it would buy a 75 per cent controlling stake in Transaero for one rouble (see news, September 1).

However, Transero stakeholders missed a deadline to present an offer for the purchase of the 75 per cent stake, reports Reuters.

As a result, Aeroflot has decided against pursuing its offer.

CEO Vitaly Saveliev said: “Aeroflot undertakes that all obligations to Transaero’s passengers will be fulfilled. Passengers will be guaranteed transportation or a refund in the event that a flight is cancelled.”

Transaero is Russia’s second largest carrier, after Aeroflot.,

Graham Smith