Home / Airline news / The Ministry of transport: Decision on the possible sale of “Aeroflot” JSC “Russia” will accept the Cabinet

Минтранс: Решение о возможной продаже "Аэрофлотом" АК "Россия" будет принимать кабмин The decision to sell the airline “Russia” should render the government of the Russian Federation, told journalists the Minister of transport Maxim Sokolov on the sidelines of the III annual conference “Transport infrastructure of St. Petersburg and Leningrad region” on Tuesday. This writes TASS.

Aeroflot controls 75% minus 1 share of “Russia” blocking stake – the administration of St. Petersburg.

“Here, because this asset is of state importance, the decision of the government of the Russian Federation. Now the proposals which the government was instructed to submit for discussion the Ministry of transport made. Further professional discussion already in the government”, – said the Minister.

He said that he was ready to comment on this question after the government’s decision. “When will the government decision, I’ll be ready to comment on it,” said Sokolov.

Previously, the newspaper “Vedomosti” reported that Deputy Prime Minister Arkady Dvorkovich instructed the Ministry of transport to present offers on possibility of sale of “Aeroflot” airline “Russia”. The head of the group of companies “Aeroflot” Vitaly Saveliev said that the issue of privatization of the airline “Russia” delivered too early.

The head of the Federal Antimonopoly service (FAS) of Russia Igor Artemyev has noted that if “Aeroflot” will sell its subsidiary airline “Russia”, it will create additional competition in the market of medium-range transport, but can make the weaker “Aeroflot” in competition with international carriers.