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Aeroflot to hold shareholders meeting on new aircraft.

AIRLINE INDUSTRY INFORMATION-(C)1997-2002 M2 COMMUNICATIONS LTD

Aeroflot's board of directors will hold a shareholders meeting on 27 December 2002 to review plans to lease Airbus and Boeing aircraft in 2003 and 2004.

The Russian carrier is planning to lease 18 medium-range Airbus A320 aircraft and nine long-range Boeing 767 aircraft. The cost of the agreements reportedly amounts to more than 50% of the carrier's assets and therefore its shareholders must approve the deals before they can be put into place.

The Russian prime minister - whose government holds a controlling 51.17% stake in the carrier - reached an agreement to lease the Airbus aircraft during a visit to France earlier this month, reported Reuters.

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Publication:Airline Industry Information
Geographic Code:4EXRU
Date:Nov 28, 2002
Words:127
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