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Lebedev says Aeroflot faces restructuring

Aeroflot investor Alexander Lebedev told RIA Novosti that the Russian flag carrier faces significant challenges as a result of the financial crisis and has launched insolvency proceedings for Aeroflot Cargo and is evaluating elimination of Aeroflot Don and Aeroflot Nord. "After the order of six MD-11Fs and three 737 freighters, SU Cargo made a loss of $140 million," Lebedev said, adding that SU plans to dissolve the cargo subsidiary and reintegrate it into the mainline. Freight fell 35.1% in the first quarter.

 

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.