The Russian government has approved a 25.5% stake sale in Sibir Airlines to S7 Group, which already owns a 71.3% stake in the carrier. S7 won the bid at the end of May, but the deal was subject to approval by the Russian government. The group offered RUB1.13 billion ($35.6 million) for the stake, 1% more than the asking price. According to a government statement, S7’s Globus Airline and Transaero Airlines were also interested in buying the Sibir stake. “The deal will provide ...

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