Russia: Aeroflot to remain in Moscow’s hands until at least 2020

Aeroflot will remain under majority Russian government control until at least 2020, Oksana Tarasenko, the Director of the Corporate Governance Department in Russian Ministry of Economic Development, reported. In February the carrier was touted as a possible candidate for privatization after Moscow announced plans to sell off various state-owned corporations and shareholdings in a bid…

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Ukraine: UIA launches Lviv-Vilnius flight

On September 16, Ukraine International Airlines (UIA, Kyiv) serviced its first direct regular flight between Vilnius and Lviv. The press service of the airline reported that new flights connecting Lviv and Vilnius would be serviced twice a week using Boeing-737 and Embraer-190 planes with business and economy classes. Until October 12, UIA offers tickets from…

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Azerbaijan: SOCAR to diversify its financial channels

Azerbaijan’s state oil company SOCAR intends to diversify its financial channels, the company’s president Rovnag Abdullayev reported. He made the remarks during the presentation of SOCAR bonds for Azerbaijani citizens. Abdullayev pointed out that SOCAR was implementing a new strategy to strengthen its positions at the international level. Eurobonds have been issued successfully, he said,…

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