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Merger of Moscow Vnukovo and Sheremetyevo airports into single entity progressing

18-Aug-2011 11:29 AM

Russia's Moscow Vnukovo Airport first deputy general director Vitaly Vantsev stated the transfer of shares in the airport owned by the Moscow government to the Russian federal government should be completed by Oct-2011 or Nov-2011 (Interfax, 17-Aug-2011). Moscow government owns 75% of the shares in Vnukovo at present. It was earlier reported that the Economic Development Ministry and Transportation Ministry have proposed transferring the airport to federal property through a gift agreement. The shares are being transferred for the merger of Vnukovo and Sheremetyevo airports into a single entity. Following the merger, the company will be privatised. The terms for merging the airports will be determined by the Ministries of Economic Development and Transport and Moscow authorities. Sheremetyevo will be first merged into a single complex with Terminal D. Later, the enlarged Sheremetyevo will be merged with Vnukovo.