Items Tagged With Russia

OAO "Aeroflot" have signed with OAO "Vneshtorgbank" and "Vneshekonombank" sales and purchase agreements regarding OAO "Terminal" shares. Pursuant to these deeds Vneshtorgbank has purchased from Aeroflot 25 percent plus 1 share, and Vneshekonombank has purchased 20 percent less two shares.

Russian Railways (RZD) and the Transport Ministry of the country sealed an understanding memorandum with German Siemens and Deutsсhe Bahn (DB) to cooperate in high-speed railway service. The experts say Siemens and DB may soon join the RZD project of high-speed railway, which is being revived.

Vladimir Yakunin (president of Russian Raiways) said that the Pendolino was designed for the high-speed line between Saint Petersburg and Helsinki and that traffic would be organised on the existing infrastructure, but that this would require diverting freight traffic and constructing a 42-kilometer stretch through the Priozersky district of Leningrad region to the Finnish border at a cost of 400 billion roubles (at current prices).

Contract covers Airbus A320-200 fleet   
Ural Airlines, the sixth largest carrier in Russia, and Lufthansa Technik, the leading provider for maintenance, repair and overhaul (MRO) of airplanes, components and engines, signed a technical support agreement for the new Airbus A320-200 fleet. The initial two Airbus aircraft will join Ural Airlines´ fleet in September and will be complemented by an additional four A320 in 2007.