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Possibility Of Aeroflot & S7 Merger  
User currently offlineKevin From Canada, joined Dec 2000, 1144 posts, RR: 0
Posted (5 years 9 months 3 weeks 2 days 23 hours ago) and read 1583 times:

According to various Russian media, there is a strong possibility of a merger between Aeroflot and Sibir (S7). Aeroflot has placed a bid to takeover S7 many times and each time it was blocked. S7 does not want to be bought out, but it has a lot of accumulated debt and unlike Aeroflot it is not government backed (51% of Aeroflot's shares are owned by the state). Therefore S7 might not have any other choice but to accept the bid.

Here is a link to the story in details.

http://www.rzd-partner.com/press/2008/10/23/332465.html

Very interesting to see what happens next. I would rather see S7 operating on its own because it creates variety and enhances competition. But in those trouble times who knows?

2 replies: All unread, jump to last
 
User currently offlineUN_B732 From United States of America, joined Jul 2001, 4289 posts, RR: 4
Reply 1, posted (5 years 9 months 3 weeks 2 days 22 hours ago) and read 1533 times:

I really hope it doesn't happen either; I love S7, and hope to see it remain as an independent carrier.

Filyov made a speech about a week ago talking about his debts and a bit about the future, probably in an attempt to attract some financing. Hopefully he is able to get some money; though doubtful.

-A



What now?
User currently offlineKevin From Canada, joined Dec 2000, 1144 posts, RR: 0
Reply 2, posted (5 years 9 months 3 weeks 2 days 22 hours ago) and read 1510 times:



Quoting UN_B732 (Reply 1):
I love S7, and hope to see it remain as an independent carrier.

Gotta love the green , especially on the 787 when it gets delivered  bigthumbsup 


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