Federal Agency for State Property Management in the context of "Aeroflot"

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⭐ Core Definition: Federal Agency for State Property Management

The Federal Agency for State Property Management (Rosimushchestvo) (Russian: Федеральное агентство по управлению государственным имуществом (Росимущество)) is a subdivision of the Russian Ministry of Economic Development that manages Russia's federal state property.

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👉 Federal Agency for State Property Management in the context of Aeroflot

PJSC Aeroflot – Russian Airlines (Russian: ПАО «Аэрофло́т — Росси́йские авиали́нии», PAO Aeroflot — Rossiyskiye avialinii), commonly known as Aeroflot (English: /ˈɛərˌflɒt/ or /ˌɛərˈflɒt/ ; Russian: Аэрофлот, transl. "air fleet", pronounced [ɐɛrɐˈfɫot]), is the flag carrier and the largest airline of Russia. Aeroflot is headquartered in the Central Administrative Okrug, Moscow, with its hub being Sheremetyevo International Airport. The Federal Agency for State Property Management, an agency of the Government of Russia, owns 73.77% of the company, with the rest of the shares being public float.

During the time of the Soviet Union, Aeroflot was one of the largest airlines in the world. In 1992, following the dissolution of the Soviet Union, Aeroflot was divided into approximately 400 regional airlines informally known as Babyflots and was restructured into an open joint-stock company.

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Federal Agency for State Property Management in the context of State corporation (Russia)

A State Corporation (Russian: Государственная корпорация, romanizedGosudarstvennaya Korporatsiya) is a non-profit organization, which is wholly owned by the Russian Federation directly, bypassing the Federal Agency for State Property Management. Each State Corporation is created by a legislative act of Russian Federal Assembly, using Federal funds for its initial operation, to perform social, managerial, and other socially beneficial functions.

This type of legal entity was established in 1999 (Article 7.1, NCO Law). These state corporations are essentially a special type of fully Federally-owned non-profit organizations, and they are different from all the other organizations referred to in the mass media as "state corporations".

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