Monday April 6, 2020

MBO bid at Russian owned Shannon air firm Transaero

14th January, 2015

The Irish management at Transaero Engineering Ireland (TEI), owned by Russia’s second largest airline, are lining up a bid to buy the firm out of examinership.

Owned by troubled Russian airline Transaero, which required a €120 million Russian government bailout last year, the company fell victim to the current Russian economic crisis.

Michael McAteer of Grant Thornton was appointed as interim examiner to the Shannon-based subsidiary last week allowing time for the company...

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