Russia's flagship
national airline, Aeroflot, will be excluded from the government's privatization plans until at
least 2020.
“The company
should remain under the state's supervision,” said Oksana
Tarasenko, the Economic Development Ministry's director of Corporate Governance, in an interview with Bloomberg published on Wednesday.
The Russian government currently holds a 51.17 percent
share in the company.
The Ministry of Transport has repeatedly discouraged plans to sell an additional 25 percent of the state's share in Aeroflot, citing significant risks to the commercial airline industry. Some officials claim that without government support, the company could go the way of Transaero: a large Russian private airline that declared bankruptcy last year.
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