Transaero said last week that it aims to raise $250 million by floating 15%-18% of its stock in an IPO in Russia in 2007. According to Reuters, the plan has received the backing of the airline's board of directors. A general meeting of shareholders will vet the issue on May 27. Transaero DG Olga Pleshakova told reporters the carrier intends to boost sales from $370 million in 2005 to $2 billion in two years. Separately, Transaero took delivery of a fourth 747 last month and will add two more ...

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