Putin signs order to form new Russian airline

[White Cap]

Source: 24 -7 updates

Putin signs order to form new Russian airline
May 3, 2007

Russian President Vladimir Putin Wednesday signed an order establishing a new airline that is to be the country's second biggest after Aeroflot, the Kremlin said.

The president's order will see Russian regional airlines KrasAir, Domodedovo, Samara, Omskavia and Sibaviatrans merged into AirUnion within six months, the Kremlin said in a statement.

The government will own a share of 'at least' 45 percent of the new company, it added.