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UTAir will acquire 51% of Moscow Airlines

Moscow, Russia - The airlines is actually owned by the municipality of the Russian capital city

UTair, Russia's fourth largest air carrier, will acquire 51% of Moscow Airlines, formerly Atlant-Soyuz, owned by the Moscow government, Russian Transport Minister Igor Levitin said on Tuesday. "The Moscow government is currently holding talks with UTair, but the airline (Moscow Airlines) has a significant debt, so the government is currently negotiating the acquisition terms with UTair," Levitin...

AVIONEWS - World Aeronautical Press Agency - 1124209
Rome, Italy, 12/28/2010 17:42
AVIONEWS - World Aeronautical Press Agency

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