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Producer attempting to raise cash

Aviastar continues to sell non core assets to fund work in progress

Published: 9/22/1999

Following the sale of its 34.3% stake in cargo carrier, Volga-Dnepr (VD), to VD's affliated insurance company, NIK, Aviastar is continuing to dispose of its assets. The company has offered for sale a 51% stake in one of its associated plants, manufacturing 'non standard equipment', in an effort to fund the construction of additional Tu-204s and An-124s. According to the Rabochaya Tribune, this includes the airframe acquired in payment for the Volga-Dnepr holding

Article ID: 893

 

 

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