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Aeroexpress to Invest 26.3 M USD in 2016

Aeroexpress approved its investment program for 2016 at 1.8 B RUB (26.3 M USD), the TASS quotes Aeroexpress General Director Alexey Sorokin. It makes over 50% to 2015.

Mr. Sorokin said that the company will invest own funds and loans but did not comment on the ratio between the two.

Aeroexpress is to build a new roofed platform at the Domodedovo Airport (Q2-Q3 2016) and acquire Stadler double-decker trains. Previously the company expected to get the funds from the National Wealth Fund but does not count on that any longer. “Let us put it this way - we do not count on these funds any longer. We count on funds we earn or can attract as loans”, Mr. Sorokin commented.

Aeroexpress is a Russian airport shuttle operator. The company’s 2015 passenger turnover reached 13 M. Aeroexpress is owned by TransGroup’s Delta-Trans-Invest (45.84%), OAO RZD (25%), Iskander Makhmudov (17.5%), Andrey Bokarev (7.5%) and Alexey Krivoruchko (4.16%).

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