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The National Reserve Bank purchased 26% of Aeroflot

Moscow, Russia - Many hope it will help Russian aviation industry

Many see little hope the stagnant Russian aviation industry will ever get off the ground, but at least one bank is betting big on it. In a move it hopes will help pull the industry out of its post-Soviet tailspin, National Reserve bank is negotiating to buy Millhouse Capital's blocking 26% stake in flagship carrier Aeroflot. "We hope to close the deal soon", NRB deputy chairperson Sergei Shakin said...

AVIONEWS - World Aeronautical Press Agency - 42386
Rome, Italy, 03/18/2003 19:07
AVIONEWS - World Aeronautical Press Agency

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