"The state property committee is trying to stop this process," chief executive Vladimir Tikhonov said in an interview. He said the committee had failed to update its valuation of Aeroflot, on the basis of which it can issue shares.
A senior State Property Committee official, who spoke on condition of anonymity, said Aeroflot's privatization was being delayed because the airline and Sheremetyevo-II international airport could not agree on sharing out the assets of the former Soviet Aeroflot monopoly. "We are waiting for the final balance sheets and after all the documents are signed we will announce the new airline's basic capital," she said.
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