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Transaero Airlines, Russia's second-largest air carrier in terms of international flights,
Transaero Airlines, Russia's second-largest air carrier in terms of international flights, is considering listing on Moscow's MICEX exchange, the company's board chairman said on Thursday.

"We will apply for a listing on MICEX," Alexander Pleshakov said, without giving any figures on the size of the flotation.

He said the airline could hold an IPO later this year, but that a final decision will depend on the market situation.

Olga Pleshakova, the airline's general director, said earlier that 10-17% of shares could be floated on the exchange in 2008.

Transaero began flights in 1991. Foreign destinations account for over 85% of its passenger carriage.

The airline handles over 70 destinations in Russia and abroad. Transaero is also Russia's sole air carrier to fly to six continents - Europe, Asia, North and South America, Africa and Australia.


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