Wednesday, January 30, 2013

Aeroflot Agreement with Sheremetyevo Airport Faces Antitrust Challenge


Aeroflot will give up plans to become a global carrier if the Federal Anti-Monopoly Service makes it cease its strategic partnership with Sheremetyevo Airport, Vedomosti reported Thursday, citing two sources close to Aeroflot. FAS, who issued an order of violation "For the commission of acts that are contrary to the protection of competition, administrative responsibility in Article 1432 of the Russian Code" on Monday, believes that the contract, which gives Aeroflot priority service, may restrict other carriers from gaining access to the airport.  Penalties for the offense amount to administrative charges of .3%, and maximum sanctions of up to 15% -- both based on a percentage of the charged entity's revenue for  the preceding calendar year (in this case 2011). Michael Vasylenko, Sheremetyevo's CEO, said the airport is continuing to work on plans to improve its infrastructure, including construction of a new terminal by 2015 and of a third runaway, and hopes to voluntarily eliminate any antitrust violations within the one month deadline set by the FAS.
http://www.vedomosti.ru/companies/news/8307211/fas_aeroflot_i_sheremetevo_mogut_zaplatit_bolee_21_mlrd_rub

http://www.themoscowtimes.com/business/article/aeroflot-to-give-up-global-ambitions-if-antitrust-has-its-way/474803.html

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