OREANDA-NEWS. Aeroflot is exploring the possibility of an initial public offering (IPO) of the "Pobeda" subsidiary, Aeroflot CEO Vitaly Savelyev said in an interview with Russian business media. It's about selling up to 25% of the shares. “At the beginning of the year, on the board of directors of Aeroflot, we voiced the issue of IPO “Pobeda”, but only a small part. Losing control in this company, in my opinion, is counterproductive”, said Savelyev. According to Savelyev, the “Pobeda” rating given by analysts is from $ 800 million to $ 1 billion. The company has been working “with some domestic banks on this subject”, he added.

At the end of October 2018, at a meeting in the Kremlin with President Vladimir Putin, Savelyev estimated "Pobeda" at $ 612 million. “Two estimates, a direct comparison and the mathematical model made by experts show that it costs $ 612 million. Here is today's price of "Pobeda” - he said then. Who prepared the evaluation of the low-cost airline for a meeting with Putin now, the speaker of Aeroflot didn't say.

Sberbank analysts in the August 7 report on Aeroflot rated "Pobeda" at $ 800 million based on growth in passenger traffic, seat occupancy and margins, for which "Pobeda" is ahead of both the average for the Aeroflot group and its competitors in the sector are Ryanair, Easyjet and others. To assess the “Pobeda”, Sberbank also applied a 40% discount to its global counterparts.

“Pobeda”, created in 2014, in May 2018 for the first time entered the top five largest airlines in Russia, transporting 7.1 million people. For the first half of 2019, Pobeda, in the fleet of which now has 30 Boeing 737-800 aircraft, had 5.6 million passengers - 44.7% more than a year earlier. The number of passengers of Russian airlines as a whole in January-June increased by only 12.1%, to 57.7 million people, the Federal Air Transport Agency reported.