Aeroflot CEO values Pobeda airline at $800 mln

MOSCOW, Nov 21 (PRIME) -- The value of airline Pobeda, a low-cost affiliate of national flagship carrier Aeroflot, stands at U.S. $800 million, Aeroflot CEO Vitaly Savelyev said on Wednesday during the Transport of Russia international exhibition.

“Pobeda is our very successful project. Given the fact that we’ve invested $50 million in Pobeda, we had a business plan -- and we will celebrate the fifth anniversary of Pobeda together with you in December, -- it already costs $800 million,” he said. “This is market valuation.”

Pobeda’s passenger traffic grew 55% on the year to 7.148 million people in 2018, and the company expects it to grow to at least 10 million passengers in 2019.

End