12 Dec 2019 18:26

Aeroflot capex to total approximately 10-11 bln rubles in 2020

MOSCOW. Dec 12 (Interfax) - Aeroflot capex in 2020 will total around 10-11 billion rubles, according to the company's Investor Day presentation, underway in London on Thursday.

In 2019, the airline's capex stood at the level of 9.8 billion rubles, with nearly 35% of expenditures going to IT projects. The 2018 figure was 8.8 billion rubles and 2017 was 5.7 billion rubles.

The target level for capex is around 10 billion rubles, according to the presentation.