Russia's Aeroflot in privatisation programme: minister

15th October 2010, Comments 0 comments

Russian airline Aeroflot will be included in a forthcoming programme of privatisations, Finance Minister Alexei Kudrin told the country's parliament on Friday.

"We will carry out a big programme of privatisation," Kudrin said, cited by the RIA Novosti news agency.

"It concerns shares in oil companies to a lesser extent. It also concerns shares in several other companies, from Aeroflot to Svyazinvest" telecoms group.

The announcement in July of the large-scale privatisation programme, which will the first since the 1990s, "has received very great attention from Russian and foreign investors," Kudrin said.

The finance minister said in September that Russia hopes to earn 50 billion dollars in the next five years from privatisations.

The Russian authorities announced at the end of July that they had drawn up a list of 11 companies that would be partly sold between 2011-2013, with the state still retaining a controlling share.

Among the planned targets of privatisation announced in July were the country's largest lender, Sberbank, as well as the country's second largest state bank, VTB, and oil giant Rosneft.

Aeroflot, Russia's largest airline, carried 11 million passengers in 2009 and anticipates that passenger numbers will almost double over 2010.

Since 2006, the company has been a member of the SkyTeam alliance, a group that also includes Air France/KLM and Delta Airlines.

© 2010 AFP

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