Russia’s Aeroflot will provide a RUB430 million ($13.5 million) loan for its Far East subsidiary Aurora Airline for initial investments. It will have to repay the loan in 2017. According to the carrier’s business plan, it must also increase its passenger numbers in the near future.
In September, the airline announced the new Far East subsidiary, originally named Taiga Airline, which was created by merging Vladivostok Avia and SAT Airlines. At the end of August, Aeroflot, which signed an agreement with Sakhalin regional authorities to purchase 49% of the new carrier, changed the name to Aurora Airline.