Domodedovo Airport called a "structurally problematic" asset

Aviation expert Gusarov: The fragmentation of the business into 35 companies and the debt burden make it difficult to buy

Domodedovo Airport is a "structurally problematic" asset. Although the facility is economically viable, its current structure and debt burden create serious barriers for potential investors. This opinion was expressed by aviation expert Roman Gusarov.

Domodedovo Airport
Domodedovo Airport
Purely economically, it is not problematic. It is structurally problematic because the previous owners split the business into 35 companies, I believe. They scattered the assets, so to speak. All of this has to be brought together administratively and legally.
Roman Gusarov, aviation expert

Let us recall that Domodedovo Airport was put up for sale after in June 2025, by court decision, 100% of the shares of DME Holding were transferred to the state. In addition, the airport is burdened with debt.

The minimum cost of acquiring the airport, according to the auction valuation, is about 130 billion rubles, plus another approximately 70 billion rubles to repay liabilities. In total, this exceeds 200 billion rubles, while the prospects for payback remain uncertain.

Gusarov emphasized that it would be advisable to transfer such an asset to professional operators with experience working with major airport terminal infrastructure — for example, companies managing Sheremetyevo or Vnukovo. Only they are capable of effectively restructuring the business and realizing its potential.

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