Mystere IV A
March 18, 2003, 02:37 PM
The National Reserve Bank (NRB) is currently holding negotiations with Millhouse Capital on buying a stake in Aeroflot - Russian Airlines, NRB Vice President Sergei Shakin told journalists in Voronezh on Saturday..TABLE Millhouse Capital is regarded as an affiliate of the oil company Sibneft and, by certain estimations, holds about 26% of shares in
The deal could be sealed in the near future, Shakin said. He did not disclose its terms and conditions or the size of an Aeroflot stake to be bought.
Aeroflot.
General Director of the leasing company Ilyushin Finance Co. Alexander Rubtsov in turn told the press, "If this deal is concluded, Aeroflot will become a more predictable client for the domestic aircraft industry and will be more attentive to domestic aircraft."
Aeroflot has good prospects of development, including financial ones, Rubtsov said. "In the next five years, the Russian air transportation market is expected to strengthen, and, as a result, five or six major airlines could remain, including Aeroflot," he said.
Ilyushin Finance Co. is currently negotiating with Aeroflot on the lease of six Il-96-300 passenger jets. Rubtsov said Aeroflot could soon forward a demand to the leasing company on installing foreign-made engines on these planes instead of Russian PS-90. "The Russian aircraft engine producers, taking advantage of their monopoly status on the domestic market, unreasonably overestimate their engines. In particular, the price for PS-90 grew from $2 million in 2002 to $3.3 million in 2003," he said.
Source: Financial Times Limited
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The deal could be sealed in the near future, Shakin said. He did not disclose its terms and conditions or the size of an Aeroflot stake to be bought.
Aeroflot.
General Director of the leasing company Ilyushin Finance Co. Alexander Rubtsov in turn told the press, "If this deal is concluded, Aeroflot will become a more predictable client for the domestic aircraft industry and will be more attentive to domestic aircraft."
Aeroflot has good prospects of development, including financial ones, Rubtsov said. "In the next five years, the Russian air transportation market is expected to strengthen, and, as a result, five or six major airlines could remain, including Aeroflot," he said.
Ilyushin Finance Co. is currently negotiating with Aeroflot on the lease of six Il-96-300 passenger jets. Rubtsov said Aeroflot could soon forward a demand to the leasing company on installing foreign-made engines on these planes instead of Russian PS-90. "The Russian aircraft engine producers, taking advantage of their monopoly status on the domestic market, unreasonably overestimate their engines. In particular, the price for PS-90 grew from $2 million in 2002 to $3.3 million in 2003," he said.
Source: Financial Times Limited
Fly High :windsock:
:pilot_2: