Aeroflot to Swap 6.3% Shares For 6 Air Carriers, Kommersant Says

OAO Aeroflot is ready to swap 6.3 percent of its shares for six regional air carriers owned by Russian Technologies Corp., Kommersant reported, citing a management meeting with investment analysts.

Russian Technologies was earlier seeking to get 25.8 percent in Aeroflot, Russian largest air carrier, in exchange for its aviation assets, which have $819 million of debt, the newspaper said.

To contact the reporters on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net.

To contact the editor responsible for this story: Amanda Jordan at ajordan11@bloomberg.net.

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