Following a plea for help from Russia’s second largest carrier, the Russian government has pledged to support the struggling Transaero Airlines. According to the TASS news agency, Russian prime minister Dmitry Medvedev on Christmas Day signed a government resolution guaranteeing a three-year RUB9 billion ($166 million) loan to be provided by VTB Bank, which is 60.9% owned by the Russian government. In return, Transaero has agreed to freeze domestic fares in 2015, and reduce fares by ...

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