Bloomberg News

Aeroflot Gains 3rd Day on Bets Unit to Win Moscow-Nice Route

July 03, 2012

OAO Aeroflot had its longest streak of gains in a month after Vedomosti reported the state- controlled airline’s biggest unit may join its parent on the route between Moscow and Nice, France.

Aeroflot shares advanced 2.3 percent to 44.48 rubles by the close in Moscow, increasing for a third day.

“Should Russian authorities take such a decision it would be supportive for Aeroflot, which is currently the only assigned air carrier on the route,” Georgy Ivanin, a Deutsche Bank AG analyst, wrote in an e-mailed research note today.

To contact the reporter on this story: Ksenia Galouchko in Moscow at kgalouchko1@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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