Russian authorities in St Petersburg have identified operator Rossiya as being among companies participating in a state property privatisation scheme.
The St Petersburg government has outlined a decision to amend an October 2018 privatisation decree which set out privatisation initiatives for 2019 and the 2020-21 planning period.
Rossiya is just over 25%-owned by the local St Petersburg administration, according to a document published by city governor Alexander Beglov on 5 August.
The document gives a net asset value of Rb7.36 billion ($112 million).
Privatisation of the state property would potentially provide the possibility of dividends and the reduction of a burden on the budget, it says, and give businesses independence in their financial activities.
The St Petersburg government points out that it has a "lack of control" over companies in which it does not have a controlling stake.
Rossiya is a division of Aeroflot Group, one which was reinforced when it absorbed assets of collapsed carrier Transaero.
It operates around 60 aircraft including Boeing 747-400s, 777-300s and -300ERs, as well as Boeing 737s and Airbus A320-family jets.
Source: FlightGlobal.com
