newstodate.aero
Mar 29, 2011 (newstodate): The future for Russia's aviation industry lies in consolidation for airlines and airports alike.
The latest move in this direction is the Russian premier's decision to merge Moscow's two international airports Moscow Sheremetyevo and Moscow Vnukovo into one state-owned company later to be privatized after a thorough upgrading.
By this move, the new conglomerate will be able to compete on even terms with the capital's more successful and privately-owned airport, Moscow Domodedovo Airport that has been able to attract an increasing number of international airlines by better service offers and enhanced facilities.
Today, Moscow Sheremetyevo Airport, the home base of Aeroflot, is fully-owned by the state, while Vnukovo is 75 percent owned by the state with the remaining shares held by the city government.
The latest move in this direction is the Russian premier's decision to merge Moscow's two international airports Moscow Sheremetyevo and Moscow Vnukovo into one state-owned company later to be privatized after a thorough upgrading.
By this move, the new conglomerate will be able to compete on even terms with the capital's more successful and privately-owned airport, Moscow Domodedovo Airport that has been able to attract an increasing number of international airlines by better service offers and enhanced facilities.
Today, Moscow Sheremetyevo Airport, the home base of Aeroflot, is fully-owned by the state, while Vnukovo is 75 percent owned by the state with the remaining shares held by the city government.