Tag Archives: S7 Airlines
S7 Airlines, member of the Oneworld alliance, is up for sale, maybe. The current rumor according to Russian state news agency Interfax is that the majority holders of the airline are looking to sell their 71% stake in the airline, though the airline is denying this. Also, the Russian Government is looking to sell their minority stake in S7. If there are no bids for the stake, then according to Route-News.com, expect the see the stake handed over to Aeroflot or Rostech (a Russian aircraft leasing company). I suspect that Aeroflot will get the minority stake from the government and then attempt to get the majority stake from the current holders. If this happens I would expect S7 to move out of Oneworld and merge into Aeroflot.