Support The Moscow Times!

Siberia Air May Be for Sale

The husband and wife owners of Siberia Airlines have put their stake in the company up for sale, a source in the airline industry told Interfax.

He said Vladislav and Natalya Filev mandated financial institutions to sell their shares. "Unofficial offers were made to Aeroflot and Transaero. The price for the company is $300 million to $350 million," he said, adding that the second carrier of the S7 Group, Globus, is not being sold.

Two other sources said an offer had also been made to UTair. The carrier's press service said Siberia Airlines' shareholders are not holding negotiations to sell the company and have not mandated such negotiations on their behalf. S7 Group, which is owned by the Filevs, owns 71.3 percent of Siberia Airlines, and the Federal Property Fund holds 25.4 percent, according to the company's report for the first quarter of 2012.


… 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