All Aeroflot articles – Page 4
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NewsAeroflot Group impairs Rossiya goodwill and Aurora disposal
Aeroflot Group has disclosed a Rb6.5 billion ($88 million) write-off of goodwill for its subsidiary airline Rossiya in its full-year financial results. The company has also listed a Rb5.07 billion loss from the disposal of another subsidiary, the eastern Russian carrier Aurora which it sold for the token sum of ...
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NewsPobeda to open second Moscow base with flights from Sheremetyevo
Russian budget carrier Pobeda is to open services from a second Moscow base, operating from the capital’s Sheremetyevo airport. Pobeda is part of Aeroflot Group alongside Aeroflot and Rossiya. Moscow Sheremetyevo is Aeroflot’s main base. The expansion will involve Pobeda’s opening services to 12 cities in Russia, as well as ...
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NewsAeroflot losses hit $1.3 billion in 2020
Russian flag carrier Aeroflot incurred a net loss in 2020 amid slumping revenue as passenger numbers were hammered by the Covid-19 crisis.
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NewsBudget airline Pobeda proves resilient as Russian full-year traffic halves
Russian airlines’ passenger traffic halved over the course of last year, official figures from the federal air transport regulator show. Rosaviatsia states that overall traffic was down by 52% with passenger numbers down 46% to 69.2 million. But the fall was not indiscriminate across the Russian carriers. Aeroflot Group’s budget ...
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NewsRossiya aims to have nearly 70 Superjets next year
Russian operator Rossiya aims to introduce a fleet of nearly 70 Sukhoi Superjet 100s by the end of next year, as part of a strategic overhaul of Aeroflot Group’s operations. Rossiya says the federal aviation regulator Rosaviatsia has included the Superjet type on the carrier’s air operator’s certificate, ahead of ...
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Airline BusinessHow many jobs have Europe’s airlines cut in 2020?
Tens of thousands of jobs have been lost in Europe’s airline sector since the crisis began, as carriers seek to reduce cash burn and ‘right-size’ for the eventual recovery in demand.
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NewsInitial Rossiya Superjets to be stationed at Sheremetyevo
Russian operator Rossiya is to base its initial Sukhoi Superjet 100s at Moscow Sheremetyevo, as it prepares to start receiving the type under an agreement with parent Aeroflot Group. Rossiya says the agreement to transfer the aircraft from the Aeroflot fleet was signed on 21 December, and that it will ...
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NewsAeroflot approves transfer of over 40 Superjets to Rossiya
Aeroflot has approved plans to transfer over 40 Sukhoi Superjet 100s from its fleet to sister carrier Rossiya, as part of a restructuring of its short-haul network operations. Over the course of December this year to August 2021 it intends to shift 17 aircraft leased from Sberbank, another 20 from ...
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NewsAeroflot Group to divest eastern carrier Aurora
Aeroflot Group is to withdraw from the ownership of eastern Russian carrier Aurora Airlines, by selling its majority stake in the company. Aurora Airlines serves a route network from Khabarovsk, Yuzhno-Sakhalinsk and Vladivostok. It operates a fleet of 10 Airbus A319s as well as about a dozen turboprops, mainly Bombardier ...
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NewsAeroflot Group claims Pobeda profitable despite crisis
Aeroflot Group is highlighting the performance of its budget arm Pobeda, posting a net profit for the carrier for both the third quarter and the first nine months of this year. The company says Pobeda increased passenger numbers during the quarter, compared with last year, and achieved load factors up ...
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NewsAeroflot names GTLK ex-head Poluboyarinov as new chief
Russian flag-carrier Aeroflot’s board has elected Mikhail Poluboyarinov, the former head of state leasing firm GTLK, as its new chief executive. He will succeed Vitaly Saveliev who has been appointed as the new Russian transport minister – while the former transport minister, Yevgeny Ditrikh, is taking over as head of ...
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NewsAeroflot chief Saveliev to become Russian transport minister
Long-serving Aeroflot Group chief executive Vitaly Saveliev is set to become Russian transport minister after he was nominated for the role by prime minister Mikhail Mishustin. The transport ministry says that Saveliev will take over, following a Russian presidential decree dated 10 November. Saveliev has led the Russian carrier group ...
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NewsThree Russian operators to take Superjets through leasing tie-up
Three Russian carriers are to be supplied with a total of eight Sukhoi Superjet 100s under an agreement reached between airframer Irkut and PSB Leasing. Aeroflot is to take five of the twinjet type, another pair will go to Azimuth Airlines, and one to Red Wings. The Azimuth and Red ...
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NewsDomestic demand bolsters Aeroflot revenue
Russian carrier Aeroflot saw quarter-on-quarter rises in passenger demand and revenue during the three months ended 30 September, underpinned by strong domestic demand. Although third-quarter revenue was down 67% on last year’s, at Rb55.2 billion ($695 million), the carrier notes that load factors and yields were at “comparable levels”. Still, ...
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NewsAeroflot Group details shareholding shifts after capital increase
Aeroflot Group has disclosed that the Russian state’s share in the airline company has reached 57.34% as a result of its capital increase. The Russian government had been prepared to maintain at least its previous 51.2% shareholding in the company during the share issue. Aeroflot Group had also been 3.5%-owned ...
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NewsAeroflot Group aims to raise Rb80bn through share placement
Aeroflot Group is aiming to raise at least Rb80 billion ($1 billion) through a capital increase involving the placement of new shares, in order to strengthen its liquidity. Although it had previously prepared to place up to 1.7 billion shares, the Russian operator says it has yet to determine the ...
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NewsMC-21 deliveries to start ‘by the end’ of 2021: Russian industry minister
First deliveries of the Irkut MC-21 to launch operator Aeroflot will take place by the end of 2021, according to Russian trade and industry minister Denis Manturov. Manturov says the combination of sanctions on the country and, in particular, the coronavirus situation have forced a delay to the twinjet’s flight-test ...
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NewsAeroflot cleared to increase share capital
Aeroflot has won shareholder approval to increase its authorised capital to 1.95 billion shares.
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Airline BusinessWinter of disconnect ahead for Europe’s airlines
There are few crumbs of comfort for European airlines as they look back on a worse-than-expected summer season and forward to what could be a bleak winter.
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NewsRussian state helps Aeroflot Group obtain Rb70bn in loans
Aeroflot Group has obtained state guarantees to enable it to secure two loans totalling Rb70 billion ($940 million), and has also received a subsidy worth Rb7.9 billion. The Russian operator has turned in a net loss of Rb58.3 billion for the first six months of the year, under international accounting ...