Russia Federal Antimonopoly Service will attempt to block Aeroflot's effort to acquire the state's 25.5% stake in S7 Airlines (ATWOnline, Oct. 24), FAS head Igor Artemyev said yesterday on Vesti television. "We have concerns about transferring the blocking stake in the private company to SU. A monopoly could form in this situation. . .We will try to block this deal," Artemyev said, according to Reuters. The Ministry of Transport said this week that it supported SU's bid.
Subscribe to Access this Entire Article
"Russian government in conflict over Aeroflot's S7 bid" 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.