Aeroflot net income reached $663 million in 2016
The reason for such financial success may be a combination of favorable market conditions and the group’s fleet optimization efforts. [...]
Finance
Vladivostok Airport changes owners
The new investors declared their intention to transform it into the region’s key transport hub [...]
Pobeda’s profit exceeds expectations
Aeroflot’s low-cost subsidiary posts a net profit of $50.6 million [...]
International consortium buys 12% stake in Russian Helicopters
The new investors will help Russian Helicopters to raise enough funding to develop new programs and expand deliveries. [...]
Register for the 9th international conference Aircraft Finance and Lease Russia & CIS in Moscow!
The 9th international conference Aircraft Finance and Lease Russia & CIS will take place on April, 26 2017 in Moscow. Despite a number of unfavorable economic and [...]
Aeroflot climbs out of red, posts profit for 2016
Russia’s largest carrier explains its rapid climb by traffic growth, seat load factor increase, more efficient capacity management, along with cost-cutting efforts [...]
Russian government allocates $55.6 million for medevac services
Locally built Ansat helicopters to be used as air ambulances in more than third of the country’s regions [...]
Kyrgyz airports to register 30 million dollar profit in 2016
The anticipated profit is a result of the business process optimization and cost reduction strategy [...]
Japanese investors agreed to develop Khabarovsk Airport
A Japanese consortium will finance the construction of new domestic terminal in this Russian Far East airport [...]
UAC might transit to single-stock
The restructuring plan should begin to be implemented next year [...]
Turkmenistan offers discounts to foreign airlines
International carriers may get as much as 35% off the charges at Turkmen airports [...]
Aeroflot’s profit skyrockets
The Aeroflot Group’s net profit increased 24 times in the first three quarters of 2016. [...]
UTair increases passenger traffic by almost a third
Focusing to economic effectiveness, the Russian airline also managed to return to profit [...]
Investor sought for Novy Urengoy airport
Such investor should help with the airport's reconstruction within a state-private partnership model [...]
Experts forecast growth for Russian air travel market
The share of Internet sales will soon exceed the share of traditional off-line distribution channels [...]
Ural Airlines to receive four aircraft in 2017
The Russian carrier will expand its all Airbus fleet with four A320s [...]
Passenger demand catapults Ural and S7 profits
Such success is a direct result of growing concentration on Russia’s air transport market after Transaero’s demise [...]
Concession agreement suggested for new airport in Saratov
Unless introduced, the financial instrument will force the airport rates to skyrocket [...]
UTair climbs out of red ink
Russia’s fourth largest airline posted the net profit of $32.63 million in January-September 2016 [...]
Aeroflot’s revenue continues growth
The main drivers behind this are improved operational performance, ancillary revenues and further ruble devaluation [...]
Private owners of Vnukovo agreed to pledge their shares
The private stake in Moscow’s third largest airport can now go under the government control [...]
Aeroflot reforms its fare policy
Russia’s largest carrier offers more flexibility to passengers while encouraging them to spend more on more convenient travel [...]
Russian government to allocate $262 million for aerospace industry in 2017
The most of the funds are intended for supporting Ilyushin Il-114 and Il-96 programs [...]
Aeroflot forecasts $315M net profit by year-end
The airline's CEO promises to pay out about 50% of profit as dividends to the shareholders including the Russian government. [...]
Russian airlines’ cumulative losses decrease in H1
Cumulative loss of Russian airlines at the end of the first half 2016 stood at 13.9 billion rubles [...]
Sukhoi approved to consolidate 100% of SSJ100 airframer
This means that SSJ100 strategic partner, Finmeccanica, quits the program. [...]
Aeroflot stock hit new maximum on the Moscow Exchange
Aeroflot stock closed at 117 RUR on Monday raising the company’s market capitalization up to 129.9 billion RUR [...]
Aeroflot won’t go private until 2020
Contrary to original plans to sell the government's stake in the national carrier this year, the decision has been postponed [...]
Russian Helicopters’ H1 2016 income drops 25%
African customers generated the largest share of the Russian Helicopters' revenue [...]
Russia’s majors improve financial results
Aeroflot shares broke the maximum since 2008 backed by strong H1 report [...]
UVT-Aero pulls off profit in 2016
The new airline of Tatarstan replaces the defunct Ak Bars Aero, and aims at becoming the main carrier in the Volga Region [...]
UTair’s losses decrease by half
Russia's fourth largest carrier posted the net loss of $28.515 million at the end of the first half year 2016, a 46% YOY improvement [...]
Aeroflot climbs back to profitability
At the end of the first half of 2016 Russia's flagship carrier posted 8 billion rubles ($121.4M) net profit [...]
Air Astana goes below red line again
At the end of the first half-year the airline's net loss reached $6.6 million [...]
Russian carriers performance continues downward trend
Shrinking demand and mounting costs result in 24 billion rubles operating losses in Q1 2016 [...]
Aeroflot CEO warns against the airline’s hasty privatization
Vitaliy Saveliev told the Financial Times why privatization of the airline is currently unreasonable [...]
Investors sought for Air Kyrgyzstan
Air Kyrgyzstan's potential investor will have to shell out a hefty sum for breaking into the local air transport market with its annual 4 million passengers [...]
Yakutia Airlines outlines terms for investors
The government of Yakutia is ready to sell a part of its share to a Chinese investor, if it helps the airline to dispense of leasing schemes [...]
Air Astana outlines IPO options
The government of Kazakhstan fosters privatization of the national carrier, despite less than favorble conditions on the gobal financial markets [...]
RDIF and Middle Eastern investors to buy up to 25% of Russian Helicopters
The amount of the deal may reach $600 million [...]
UTair Group returns to profitability
According to the group’s 2015 financial report, its net profit at the end of 2015 amounted to 2.274 billion rubles ($35 million) [...]
Pobeda’s financial results exceed forcasts in 2015
According to the Russian accounting standards, the carrier made 32 million rubles, according to IFRS, it lost 80 [...]
UTair’s losses shrink 17% in 2015
In 2015 the airline managed to reach debt settlement agreements, renegotiate lease payment schedules, and have leasing contracts extended with most of its lessors [...]
Vnukovo’s losses escalate as traffic declines
Moscow's third largest airport has reported on the last year's financial results [...]
Regional administration asked federal government to help Yakutia Airlines
If Yakutia fails to pay off its debts and becomes insolvent, up to 90% of Yakutia’s territory will be threatened with complete transport isolation [...]
Yakutia Airlines agrees to refinance the SSJ 100s lease
The State Transport Leasing Company will provide Yakutia Airlines with replacement aircraft for two SSJ 100s, which the carrier will return to VEB-Leasing [...]
Mubadala Development interested in shares of Russian Helicopters
Rostec may sell up to 25% of its rotorcraft subsidiary to the Arab investment fund [...]
Fitch affirms Aeroflot’s rating at B+
Russia’s largest airline is also removed from the agency’s Rating Watch Negative [...]
The end of la Belle Époque of Russian aviation
Protracted crisis caused by unfavorable macroeconomic conditions and geopolitical shifts is reshaping Russian commercial aviation market [...]
Aeroflot’s revenue grew 30% in 2015
Mounting expenses and unfavorable economic conditions, however, affected the group’s financial results. [...]