The decision to merge Russia's two largest air carriers and give operational control over debt-saddled Transaero to Aeroflot was directed and approved by the Russian government in early September. The transaction is expected to be closed by the end of September. Aeroflot will inherit Transaero's debt obligations worth RUR 260 bln, which are mostly consolidated by Sberbank, and will possibly be eligible for government aid. The carrier has also undertaken the obligation to take care of the troubled rival's passengers and personnel. Commenting on the transaction at an extraordinary board meeting, Aeroflot Group Chairman Kirill Androsov expressed confidence that the merger would "facilitate Aeroflot's efforts in achieving its strategic goal", which is serving 70 mln passengers annually by 2025.