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S7 To Be Taken Over By Aeroflot?

Sat Jul 15, 2006 3:18 am

MOSCOW, July 14 (Reuters) - A Sibir airline plane crash that killed 125 people may have given added impetus to Russian plans to consolidate the nation's fragmented civil aviation industry, Russian media said on Friday. Newspapers said that transferring the state's stake in Sibir to Aeroflot (AFLT.MM: Quote, Profile, Research) had become an especially topical issue after Sunday's crash when an Airbus plane veered off the runway and exploded in the Siberian city of Irkutsk.

"Aeroflot owns a new fleet, has better technical maintenance services and a more advanced system of flight safety tested by international auditors," an unnamed government official told the business daily Kommersant. A Russian transport ministry official also told Reuters the government may hand over its blocking 25.5 percent stake in the nation's second biggest airline Sibir to Aeroflot.

"This (share handover) is one of the variants currently under discussion," the official said. He declined to elaborate.
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RE: S7 To Be Taken Over By Aeroflot?

Sat Jul 15, 2006 3:52 am

Anywhere else in the world this would likely be prevented by government as opposed to actually being done by the government. Most countries competition/monopoly laws wouldn't let something like that happen regardless of an accident. Although this seems to be the trend in Russia lately, the re-centralizing of industries with government control, like with Yukos the other year. Now this......
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RE: S7 To Be Taken Over By Aeroflot?

Sat Jul 15, 2006 4:04 am

...back to the old days of one, HUGE, airline then by the looks of it...
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RE: S7 To Be Taken Over By Aeroflot?

Sat Jul 15, 2006 4:07 am

I read on there were 3 major incidents with A-310s last week, maybe S7/Sibir grew too fast in the booming Russian airline scene to develop steadily and safely? On the other hand I am aware even a disfunctional reading light on an S7 A-310 would hit the headlines the week after the crash.
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