Russia’s leading airline operator Aeroflot Group is feeling threatened by the growing presence of foreign air carriers in its home market, according to its CEO.
Russia’s largest airline owner, Aeroflot Group, is spending $1.1 billion on insurance settlements to obtain the remaining 36 aircraft it operates that are still owned by foreign lessors.
The CEO of Russia’s largest airline company Aeroflot Group has shared plans to construct a new engine repair shop at its Moscow Sheremetyevo Airport base.
Lessor Dubai Aerospace Enterprise has received a further tranche of funds relating to aircraft over which it lost control following Russia's invasion of Ukraine
As Russian airlines continue to look for new ways to source spares under sanctions, Aeroflot Group is looking to buy a small fleet of freighters for teardown.
European airlines are pulling out capacity or even leaving some routes completely while Chinese carriers are expanding their capacity to Europe substantially.
In 2023 Russia’s airlines expanded their fleets suitable for restricted international operations, which became the main driver for passenger traffic growth.
The first operators of Russia’s new Yakovlev MC-21 airliner were always set to face teething problems given the immaturity of the narrowbody’s PD-14 turbofan.