Aeroflot-Russian Airlines is planning to use Vnestorgbank's $150m credit to redeem its shares from its largest minority shareholder Millhouse Capital that has a 26 percent stake on the airline. As Aeroflot reported, the company is planning to complete this deal before February 14 - the date the shareholder register is closed prior to a general shareholders' meeting that will be held on April 26, 2003.
The report that Aeroflot was attracting a $150m credit was made by Vneshtorgbank's press service. However, as Deputy General Director of Aeroflot-Russian Airlines Lev Koshlyakov said, the negotiations with Vneshtorgbank are still underway, and Aeroflot Executive Board has not made a decision to take a $150m credit from this bank.
Malaysia needs Russia's assistance in maintaining and repairing Su-30MKM fighter jets
Posters for the play "Adam and Eve. Life after Paradise" with pictures of dancers Arsen Aghamalyan and Oksana Vasilyeva were banned in the city of Tver, Central Russia