Support The Moscow Times!

Aeroflot to Get 6 Carriers

Russian Technologies will transfer six airlines valued at 2.5 billion rubles ($89.4 million) to Aeroflot Russian Airlines in exchange for stock in the Russian flag carrier, Aeroflot chief executive Vitaly Savelyev said Thursday.

At that value, Russian Technologies would receive 3.61 percent of Aeroflot shares. The valuation of the aviation assets is effective March 31, 2010. Aeroflot will be gaining Vladivostokavia, Kav-minvodyavia, Orenburg Airlines, Saratov Airlines, Sakhalin Air Routes, and the airline Rossia, Savelyev said.

The companies, except for Kavminvodyavia, are already incorporated; Kav­minvodyavia will be by the end of June. Savelyev said they would be Aeroflot subsidiaries.

(Interfax)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.