No one to buy "Dagestan Airlines"

The auction on selling the authorized capital of the state-owned
company "Dagestan Airlines” has been cancelled due to an absence of
bids, RIA Novosti reports, referring to the Russian Property
Management Agency.

On Thursday the company established the starting price - 790 million
rubles. Applications were expected from December 30 to February 10.

Currently, the carrier's fleet includes 11 aircraft - three Tu-154,
one Tu-154B-2, two Tu-134B, one An-24RV and Mi-8 and Mi-8MTV
helicopters.