The Russian government has allocated RUB237 billion to facilitate the deliveries of new locally made commercial aircraft to the country’s domestic carriers.
Russian carriers have been barred from almost all of Europe’s airspace as part of sanctions imposed by the European Union following Moscow’s invasion of Ukraine.
Russia’s Aeroflot Group has finally brought all of its subsidiary airlines to its home base, Moscow Sheremetyevo International, as part of efforts to optimize its network.
Impacted by the COVID-19 pandemic, significant flight restrictions and the suspension of international flights, Aeroflot Group carried 30.2 million passengers in 2020, down 50.3% year-over-year.
Russian airlines carried 69.2 million passengers in 2020, down 46% year-over-year (YOY), according to Russia’s Federal Air Transport Agency, Rosaviatsia.
Russian airline Aeroflot’s net loss for the 2020 third quarter (Q3) narrowed to RUB21.1 billion ($277 million), compared with RUB35.8 billion in the second quarter, helped by demand from its domestic network.
The Russian government on Nov. 18 recommended Mikhail Poluboyarinov, the current CEO of the State Transport Leasing Corp. (STLC), as the new head of Aeroflot Group.
Russia’s largest airline group Aeroflot is to soon receive a massive cash injection from its major shareholder, the Russian government, through a rights issue.
