Russian consortium, Changi acquires Russia‘s Vladivostok Airport
The consortium comprising the Russian Direct Investment Fund (RDIF), Singapore’s Changi Airports International (CAI) and Russia’s Basic Element, has signed the agreement to acquire shares in Vladivostok International Airport in Russia’s Far East from Sheremetyevo International Airport.
Upon regulatory and corporate approvals, the consortium will own 100% of JSC Terminal Vladivostok which owns and operates the airport terminal building, and 52.16% of JSC International Airport Vladivostok which holds the airport license. RDIF, CAI and Basic Element, each hold an equal interest of 33.3%.
Vladivostok International Airport is strategically located at the crossing of air routes between Russia’s Far East and the Asia-Pacific. With its geographical advantage and the Open Skies policy introduced in 2011, the airport will be positioned as a major air hub for domestic and international traffic.
The consortium will focus on expanding the airport’s route network, increasing flight frequencies, and improving its service offerings through quality training to meet the demands of business and leisure travelers.
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