Russian national air carrier Aeroflot has finalized the deal on the sale of Nordavia, an Archangelsk-based airline company operating mainly in the North West of Russia.
*According to Aeroflot’s statement, the total cost of the deal was $235 million, whereby Norilsk Nickel has paid Aeroflot $7 million in cash with the rest – $228 million – being Nordavia’s debt burden which Norilsk Nickel as a new company owner is obligated to diminish. Nordavia debts include the present value of obligations under operating lease of aircraft, that is, all future payments of the leasing of aircraft that are not reflected in the RAS.
*According to Aeroflot’s statement, the total cost of the deal was $235 million, whereby Norilsk Nickel has paid Aeroflot $7 million in cash with the rest – $228 million – being Nordavia’s debt burden which Norilsk Nickel as a new company owner is obligated to diminish. Nordavia debts include the present value of obligations under operating lease of aircraft, that is, all future payments of the leasing of aircraft that are not reflected in the RAS.