Russia’s Aeroflot will provide a RUB430 million ($13.5 million) loan for its Far East subsidiary Aurora Airline for initial investments. It will have to repay the loan in 2017. According to the carrier’s business plan, it must also increase its passenger numbers in the near future. In September, the airline announced the new Far East subsidiary, originally named Taiga Airline, which was created by merging Vladivostok Avia and SAT Airlines. At the end of August, Aeroflot, ...

Subscribe to Access this Entire Article

"Aeroflot provides a $13.5 million loan for Far East subsidiary" 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? ATWPlus@penton.com.