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Aeroflot no longer considering acquisitions outside Russia

31-May-2010 12:28 PM

Aeroflot CEO, Vitaly Savelyev, confirmed the carrier no longer has any interest in acquiring shareholdings in carriers outside Russia (Dow Jones, 28-May-2010). The carrier had considered purchasing shares in Alitalia, Austrian Airlines and JAT Airways. It  recently agreed to take control of six regional carriers from state technology company, Rostekhnologii. A structure of that agreement has not been finalised.

Aeroflot: "I don't see the point in buying minority stakes in foreign companies. In order to be leader in the world, you need to be leader at home," Vitaly Saveliev, CEO. Source: Dow Jones, 28-May-2010.