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MENAFN - 22/12/2012

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(MENAFN) Russian flag carrier Aeroflot reported USD289 million net profit during the third quarter, on the back of a 53 percent increase in revenue to USD2.4 billion, Reuters reported.

The state-owned airline said nine-month turnover totalled USD6.02 billion. Flight revenues rose 63 percent to USD5.3 billion in the period.

Aeroflot is undergoing a merger with five regional airlines, as it seeks to be sole dominant on the domestic market.

The Russian government has put Aeroflot on the list of privatization. It has mulled secondary listings in London and New York.

Russian tycoon Alexander Lebedev, the owner of Britain's Independent newspaper, has also indicated he may sell his minority stake in the airline.

 






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