Under heavy pressure from Western sanctions and airspace bans, Russian state flagship airline Aeroflot plans to raise up to 185.2 billion roubles ($3 billion) in an emergency share issue, it said on Tuesday.
Aeroflot, controlled by the Russian state, said shareholders at its annual meeting had approved the issuance of 5.42 billion new shares that could be bought at a price of 34.29 roubles each under an open subscription.
The airline also plans to order 300 aircraft from United Aircraft Corporation, which is majority owned by Rostec, Russia’s state aerospace and defence conglomerate, the Vedemosti business newspaper reported.
