MOSCOW, Feb. 2 (UPI) -- Russian Prime Minister Vladimir Putin said several regional airlines in Russia, including Rossiya, could be joined together to then merge with Aeroflot.
Rossiya, a state-owned carrier, is based in St. Petersburg and has been struggling to compete in a crowded market, RIA Novosti reported Tuesday.
The plan is to form a joint-stock company combining Rossiya with other regional carriers, then merge the new corporation with Aeroflot.
At that point, Aeroflot, which controls 42 percent of Russia's international market, would find its share of the domestic market rising from about 18 percent to about 33 percent.
Fifteen new airlines in Russia have started operations since 2008, but now "the process of the sector's consolidation is under way," a Russian transportation minister said.
Source: United Press International (UPI).
Link: http://www.upi.com/Business_News/2010/02/02/Russia-plans-airline-mergers/UPI-17431265121705/.
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