Basic Element Group, which owns several airports in South Russia, has signed a memorandum of understanding (MOU) with Changi Airports International (CAI) and LLC Sberbank Investments to form a joint venture (JV) to invest in and develop airports in Russia. Basic Element will hold 50% plus one share, CAI will hold 30% and Sberbank will hold 20%, minus one share. The creation of the JV is targeted to be completed in the second quarter of 2012. It is subject to due diligence and final ...

Subscribe to Access this Entire Article

"Changi Airports to form JV with Russia's Basic Element" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.