NordStar (Y7, Norilsk) parent, Norilsk Nickel, will dispose of its aviation interests which includes Nordavia (Arkhangelsk Talagi), Russia's Aviation Explorer reports. The Russian nickel and palladium mining and smelting company says managing the two airlines has proven too complex and intricate an investment to sustain for a non-core asset and as such, is now considering various investment proposals. As of this posting, no firm commitments or documents have yet been signed. Norilsk Nickel bought Nordavia from Aeroflot (SU, Moscow Sheremetyevo) in 2011 for USD230million and had considered merging it with NordStar. Currently Nordavia operates nine B737-500s throughout north-western Russia and Norway while NordStar operates five ATR42-500s, one B737-300 and nine B737-800 WIN.s on a more intricate Russian domestic network with international flights offered to Azerbaijan, China, the UAE, Tajikistan and Armenia.
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Russia's Norilsk Nickel to dispose of Nordavia, Nordstar
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