Taimyr Airlines blocked from acquiring stake in Nordavia

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By TESTCustomwebLP TESTCustomwebLP April 30, 2015 20:13

Taimyr Airlines blocked from acquiring stake in Nordavia

Russia’s Federal Antimonopoly Service (FAS) has blocked Norilsk-based Taimyr Airlines from acquiring a 47.8% share in Arkhangelsk-based Nordavia Airline.

The deal was blocked because Taimyr is controlled by Norilsk Nickel and Nordavia is ruled by companies related to Norilsk Nickel.

FAS said in a statement that the deal could lead to competition restriction, which would give Taimyr a dominant position on several regional routes, including Arkhangelsk-Naryan-Mar and Murmansk-Arkhangelsk.

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By TESTCustomwebLP TESTCustomwebLP April 30, 2015 20:13