Two Moscow Airport To Merge

 - April 29, 2011, 1:00 PM

The Russian government intends to combine Sheremetyevo and Vnukovo airports into a single state-owned entity to renovate them and eventually sell them to private operators, according to plans laid out by Prime Minister Vladimir Putin. The Russian government owns 100 percent of Sheremetyevo and 75 percent of Vnukovo, with the remaining quarter (worth approximately $1.5 billion, according to reports) owned by the city of Moscow. Among the upgrade plans are the construction of a third runway at Sheremetyevo. Putin said Moscow’s airports expect to double their 50-million-passenger capacity during the next decade.