Monday, 2 January 2012

Aeroflot sells regional subsidiary

Russian Aeroflot (SU) has sold 51% of its newly-acquired, Saratov-based subsidiary Saravia Airlines (6W) to private investors. The price and the purchaser were not disclosed.

According to an SU statement, 6W does not align with SU’s business strategy. No more information was given.

SU acqired 6W and four other airlines from Russian state corporation Rostechnology at the end of Novembe. It was originally suggested that SU could create a low-cost carrier based on 6W.

The 6W fleet consists of 12 Yak-42s, although only eight are operated. During the first 11 months of 2011, the airline carried 356,820 passengers.

Source: ATW

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