Moscow's Myachkovo airport, one of Russia's busiest general aviation bases and a possible site for a new business aviation centre, has been sold to a new owner who plans to develop its infrastructure and attract new business. Myachkovo was recently cited by the Moscow city government as a possible base for a $1.4 billion air-taxi scheme operating in the Moscow region with helicopters and light passenger aircraft (Flight International 20-26 July).

The city stipulated that its plan is contingent on finding private investors to finance construction of the necessary infrastructure.

Finpromko, an Ekaterinburg-based industrial group, purchased 60% of the shares of Myachkovo Aviation Services earlier this month for around Rb133 million ($4.5 million). The remaining shares are held by small investors and airport staff. Finpromko says: "Myachkovo is of interest to us as a light aviation site. Now it does not fulfil its potential as an airport." The firm says it will define its plans for the site in December.

The airport was part-owned by the federal government and training clubs under leases, some of which are reluctant to recognise Finpromko's rights to ownership.

Source: Flight International