Russian billionaire Alexander Lebedev is mulling the sale of his stake in the leading national airline, Aeroflot, says Vedomosti daily.

      What used to be a blocking interest several years ago shrunk to 12.5 percent in 2012 and further down to 4.5 percent today, worth some 2.5 billion roubles, or some $85 million.

      Lebedev is currently in negotiations with five major investment banks, both domestic and foreign, says Vedomosti.