Russian Transport Minister Vitaly Saveliev said, during a meeting with President Vladimir Putin, that the “Aeroflot” company had sold 51% of the shares of “Aurora” for air transport to the Sakhalin District Administration.
The Kremlin website quoted the minister as saying that the price of the deal was symbolic and amounted to only one ruble.
The minister added, “In this way, the Aurora Far East Company was established. A 51 percent stake in Aurora Aviation was sold, for only one ruble.”
The minister continued, “Work is now underway to conclude agreements to buy a 5% stake in Aurora.”
According to Saveliev, agreements with shareholders are in the process of signing, and many of them have already been signed.
“In return, Aurora will receive 25 percent of the shares, in addition to one, from regional airlines in the Far East Federal District,” the minister concluded.
In July 2020, it was announced that an airline for the Russian Far East would be established as an alliance of air carriers on the basis of the current “Aurora” company.
Russian Deputy Prime Minister Yuri Trutnev said that the main goal of establishing this company was to ensure that citizens had access to air transport.
Source: Linta Rowe