Reading Time: < 1 minute Russia’s largest airline Aeroflot has sold 4.8% of its shares to an undisclosed buyer. The shares in question belonged to the carrier’s subsidiary Aeroflot Finance. Kommersant daily reports that the shares represented a quasi treasury stock used for voting purposes by the airline’s management. The impending sale of this stock had been mentioned previously in […]

Reading Time: 2 minutes The deal agreed back in June to sell a 61% stake in the country’s airline, TAP, to the American-Brazilian aviation tycoon David Neeleman and Portuguese bus company owner Humberto Pedrosa has been approved by the outgoing caretaker government, despite strong objections from the Socialist party. On Wednesday, just one day after the ousting of the […]