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Russian conglomerate Renova to invest in Samara airport's modernization

Kurumoch Airport (KUF) in Samara, Russia, will become a part of the Russian conglomerate Renova's subsidiary airport holding company Koltsovo-Invest, which won a tender to manage KUF's renovation and operations.

According to the tender rules, Koltsovo-Invest will buy 71.1773% shares of KUF. After completing the renovation program, it will gain permission to buy another 25.0114%. Renova, however, won't get to manage the airside facilities (runway, taxiways, etc.) due to Russian law requiring government ownership and control of airside facilities.

Kurumoch Airport (KUF) in Samara, Russia, will become a part of the Russian conglomerate Renova's subsidiary airport holding company Koltsovo-Invest, which won a tender to manage KUF's renovation and operations. According to the tender rules, Koltsovo-Invest will buy 71.1773% shares of KUF. After completing the renovation program, it will gain permission to buy another 25.0114%. Renova, however, won't get to manage the airside facilities (runway, taxiways, etc.) due to ...

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