Vnukovo Owners Seek to Buy Yermolino Airport

Moscow Times 7 June 2013
The owners of Vnukovo International Airport are interested in obtaining a controlling stake in Yermolino Airport in the Kaluga Region, which may become the fourth major airline hub serving the capital, a news report said Thursday.
Vnukovo-Invest, which holds 75 percent in Vnukovo International Airport, is prepared to invest 3 billion rubles ($94 million) in revamping Yermolino Airport, Vnukovo-Invest’s controlling shareholder Vitaly Vantsev told Vedomosti.
He noted, however, that his company would proceed with the plan only if a railway line was built between Yermolino and Vnukovo.
According to Vantsev, Vnukovo-Invest has been engaged in negotiations with UTair president Andrei Martirosov to jointly finance the airport, which had previously been used by the military.
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