Tuesday, March 17, 2009

The Moscow City Government offered to buy 75% of "budget" airline Sky Express for 1 ruble

Co-owner of the airport "Vnukovo" and director of OJSC "Airline" (on its base "Rostehnologii and the Government of Moscow created a new carrier - Rosava"), Vitaly Vantsev suggested that the Government of Moscow to buy 75% stake in Sky Express discount for 1 ruble, or $ 1, write Monday Vedomosti, citing sources in the environment for the entrepreneur and the Moscow City Hall.

According to the publication, the symbolic price of the transaction due to the fact that Sky Express has accumulated debt to 2.5 billion rubles, including nearly 2 billion rubles - to suppliers of fuel at the airport "Vnukovo".

In the Moscow mayor's office told the newspaper that a final decision to buy or not to pack will be taken after the Government of Moscow will examine in detail the financial condition of Sky Express. The Moscow City Government has already owns a controlling airline Atlant-union ".

Vantsev throw out the asset, which is expensive, but the Moscow officials have a reason to buy discount: together with Atlant-Soyuz ", it can become a contributor to the charter capital of the municipality" Rosava. The Moscow City Government previously argued that plans to consolidate 100% of "Atlant-union", bought 49% of Victor Grigoriev (it accounts claimed the airport "Vnukovo" application "Vnukovo" for the purchase of shares declined on the Federal Antimonopoly Service).

Moreover, as the sources of publication, Sky Express carriers and "Atlant-union" based in the airport "Vnukovo", and can complement each other's route network, aircraft exchange (from Sky Express - eight B737, the "Atlant-union" -- V737 two and six IL-86).

In January 2009, Sky Express carried 65.034 million passengers (a year earlier - 64221 thousand passengers). At the same time, "Atlant-union" lost in the traffic flow more than doubled: 31,598 thousand to 70,866 thousand in January 2008. A serious decline associated with a reduction of charter programs, writes the newspaper.

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