Sistema acquires Russian helicopter company AltaiAvia

MOSCOW, Jul 29 (PRIME) -- Sistema Telecom Assets, a subsidiary of Russian multi-industry holding Sistema, has acquired 100% in helicopter company AltaiAvia that provides air transportation services in the republic of Altai, Sistema said in a statement on Thursday without providing other details of the deal.

AltaiAvia owns 11 helicopters and the infrastructure, including an airfield for light aircraft, a hangar for parking and servicing of aircraft, a landing pad for small helicopters, and a hotel for personnel. The company is in close proximity to the touristic routes of the Altai Mountains and other assets of Sistema – the airport of Gorno-Altaisk and eco-hotel Cosmos Collection Altay Resort.

“The acquisition of AltaiAvia, the only airline in the Altai Mountains with its own fleet and on-land infrastructure, will allow Sistema to enter the promising market of small aviation, and meets our strategy for development of the aviation and touristic cluster in the region. We plan to expand the airline’s fleet with new helicopters very soon,” Sistema’s Managing Partner Ali Uzdenov said as quoted by the company.

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