Kevin From Canada, joined Dec 2000, 1135 posts, RR: 0 Posted (5 years 4 months 3 weeks 1 day 15 hours ago) and read 1531 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.