Aeroflot Continues Integration of Subsidiaries
OREANDA-NEWS. January 17, 2014. Aeroflot Group (the "Group", Moscow Exchange ticker: AFLT) will assume full commercial control of Rossiya Airlines on 30 March 2014, continuing the process of successful integration of the subsidiaries that Aeroflot acquired from State Corporation Rostec in 2011.
From 30 March 2014 all flights operated by Rossiya Airlines will be designated by Aeroflot’s IATA code (SU), and the code of Rossiya Airlines (FV) will cease to be used.
The assumption of commercial control marks a key step toward the full integration of Rossiya into Aeroflot Group, and is expected to generate additional revenues through the sale of flights operated by Aeroflot subsidiaries through the Group’s more than 200 interline e-ticket agreements, further strengthening Aeroflot’s financial position.
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