Aeroflot Sells Vladivistok Air Block of Shares
OREANDA-NEWS. April 01, 2013. JSC "Aeroflot — Russian Airlines" transferred 52,156 % block of shares in "Vladivistok Air" (member of Aeroflot Group of companies) to JSC "SAT Airlines" (100% subsidiary of Aeroflot). This was made following the decision of Aeroflot Board of Directors about the creation of united Far Eastern Airline (DVA) within Aeroflot Group.
The new member in Aeroflot Group of companies will satisfy the growing demand for regional flights offering the highest service standards in one of the most impressively developing regions of the country — Russia’s Far East.
The creation of Far Eastern Airline (DVA) will contribute significantly to the social-economic development of this vast region with a powerful economic potential and will let Aeroflot Group become one of the leading air carriers in Asia-Pacific.
The establishment of Far Eastern Airline (DVA) is one of the key elements of Aeroflot Group strategy aimed at the creation of a large aviation holding which will successfully compete with the leaders of the global civil aviation.
According to the Strategy three powerful regional aviation centers will be created — in the South, North-West and Far East of Russia. Aeroflot Group passenger traffic will triple by 2025, securing Aeroflot Group place in the World’s top-20 and Europe’s top-5 global air carriers by passenger traffic.