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Eastern European airlines no.3 Aeroflot in expansive mood and a buyer of first resort

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Last week’s annual report confirmed Aeroflot as one of the more profitable airlines in the world. Reporting calendar year 2007 net profit up by 21.4% (to USD313.4 million) on 27.3% higher revenues, the transformed former USSR behemoth has become an aggressive and competitive Russian flag carrier strategically placed at the centre of one of the world’s fastest growing economies.

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