Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Aeroflot Seeks $100M From Boeing

Aeroflot will seek more than $100 million in fines from Boeing for delays in delivering the 787 Dreamliner, deputy chief executive Shamil Kurmashov said Tuesday.

“Of course, we will,” he said when asked whether the company would demand the fines. “It’s written in the contract.”

Deliveries of 22 jets to Aeroflot were initially scheduled to start in 2014 but were moved to 2016.

He also said Aeroflot wants the government to wait at least three years to sell a stake in the carrier, as it integrates assets and raises its market value.

The state-controlled airline aims to almost double its value to $5 billion by 2014 while adding assets from regional carrier Rosavia, Kurmashov said.

Aeroflot has a market value of 81.1 billion rubles ($2.65 billion), based on Wednesday’s price.

(Bloomberg, MT)

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more