Rosimushchestvo has launched a selection process for an organizer to sell 23.76% of PAO "Aeroflot" shares. According to the agency, applications from contenders are accepted from May 22 to June 8, 2026. The winner must have experience in placing shares on the stock market and be included in the government list of legal entities approved to organize the sale of state property.
The package will be sold through a secondary public offering (SPO) – not through an auction, but through the stock exchange, where about a quarter of the company's shares are already traded. The organizer is obliged to conduct a market valuation, provide an expert opinion, and sign a sale and purchase agreement with buyers. The Ministry of Finance is interested in maximizing budget revenues: based on Aeroflot's capitalization of 187 billion rubles at the close of trading on May 22, the sale of 23.76% could bring about 45 billion rubles to the treasury.
Currently, the state, through Rosimushchestvo, owns 73.77% of the carrier's shares. After the deal, the share will decrease to approximately 50% plus one share – the controlling stake will be maintained.
At the end of the first quarter of 2026, the airline recorded a net loss of 12.6 billion rubles, compared to a profit a year earlier; the loss adjusted for exchange rate revaluation amounted to 7.9 billion rubles.
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