Yuzhno-Sakhalinsk Airport will reconstruct runway
The local authorities plan to spend 24.6 million dollars for the project. [...]
Finance
Air Astana’s net profit increases by 144%
The airline’s position on the market can improve thanks to its removal from the EU’s “grey list”. [...]
Regional administration sells stake in Yekaterinburg Airport
Airports of Regions, part of Renova, accumulate over 87% of Koltsovo's shares [...]
UTair seals debt portfolio refinancing deal
It is the final step in the airline’s financial rehabilitation effort. [...]
UTair receives state guarantees
The airline is to use the funds to settle part of its debt [...]
Aeroflot Group increases revenue, market share
The Group’s strategy now aims to capture all segments of Russian air transport market [...]
Russian aviation insurance market continues to shrink
Insurance rates going down, payout sums growing [...]
Air Astana to build first MRO center in Central Asia
The Kazakhstan's flag-carrier's ambitious plans for an in-house maintenance center found support with the European Bank for Reconstruction and Deveopment [...]
Air Armenia declared bankrupt
Armenian carrier objects the court's decision to declare it insolvent following a suit from HSBC Armenia
[...]
Regional administration becomes UTair’s stakeholder
Administration of Khanty-Mansiysk Okrug chooses to preserve the region's "strategic enterprise" by contributing to its registered capital [...]
UTair restructures its debt
The troubled airline's agreement with its creditors secured allocation of state guarantees [...]
Aeroflot’s net profit decreases at the end of nine months
Russia's flag carrier has reported its three-quarters fnancial results [...]
UTair dismissed half of its fleet within one year
The airline is rearranging its operations under a crisis bailout plan [...]
Russian airlines’ consolidated loss trippled YOY
The industry is plagued by decreasing demand and surging costs [...]
Yakutia Airlines raising funds to settle debts
Not able to purchase a Boeing 737NG with the money provided by the regional government, the carrier directs it to financial burden relief [...]