March 01, 2004

Travel Notes

Alfa Gets Sherry

Alfa-Eko, a subsidiary of Mikhail Fridman’s Alfa Group, won a government tender for the right to run Sheremetyevo Airport for the next three years. Alfa-Sheremetyevo head Igor Baranovsky told Reuters that his company would turn around the rundown airport, which now faces stiff competition from Domodedovo. “We’ll do a good job in these three years to turn it into a European-class airport. And if we can prove that to the government, we hope they’ll prolong our contract,” he said. Baranovsky said his company would earn about $3 million per year running the airport.

In the tender to run the state-owned airport, Alfa Group had only one serious contender: an alliance of the national airline Aeroflot, National Reserve Bank, and France’s Vinci.

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