Transaero spends $171 million on VTB loan

Credit: Rob Finlayson
Russia’s Transaero Airlines has spent RUB9 billion ($171 million) on a three-year loan from VTB Bank for salaries, tax payments, fuel acquisition, MRO and payments for air navigation services. The loan is backed by the Russian government. Transaero received the VTB loan in January. The carrier has...

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