11:17KrasAir may face fuel shortfalls
The main fuel provider of the Krasair airline may suspend refueling the carrier's aircraft until the company settles its debts, now put at USD 10 million. We believe that the problem with jet fuel supplies to the Karsnoyarsk airport may soon be resolved. However, the appearance of such problems is indicative of the carrier's precarious financial state. Taking into account the complex conditions in the industry and the company's serious debt burden, we recommend selling KrasAir shares.
10:37Unitrade eyes blocking stake in Bashkirenergo
The Unitrade company has applied to the Federal Anti-Monopoly Service (FAS) for permission to hold 25% plus one share in Bashkirenergo. The company now owns 21.27% in the electricity company. We believe that a strategic investor, wishing to have a say in the company's management, is behind the company's intention to acquire a blocking stake in the power utility.
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