US President Donald Trump’s decision to issue an executive order barring Iranian nationals from travelling to the US for the next three months has cast further doubt on Boeing’s $8bn deal to supply Iran Air with 80 aircraft that the two companies agreed in principle at the back end of 2016.
The travel ban (more…)
Senior executives from Iran Air and Airbus converged on Toulouse last Wednesday to witness the official handover of the first of 180 aircraft manufactured by either the French airline giant or its US competitor Boeing that are destined for Iran since the lifting of sanctions early last year, on what (more…)FT Read More»
Deutsche Lufthansa CEO Carsten Spohr is due to travel to Beijing with German Chancellor Angela Merkel next week in a bid to seal a joint venture deal with AirChina as he seeks to combat the company’s loss of its share of the lucrative long-haul traffic market to rivals based in the Gulf led by Dubai’s Emirates Airways.
Spohr will meet (more…)
Value Alliance: Eight of Asia’s struggling budget carriers – including Singapore Airlines Ltd.’s Scoot subsidiary and Thailand’s Nok Airlines – yesterday announced that they were joining forces to co-ordinate the sale of tickets, in-flight meals and possibly even baggage allowance. Other members (more…)Bloomberg Read More»
Turkish Airlines has become Russia’s top foreign airline as its competitors continue to cut flights in the face of the slump in demand. Turkish Airlines has increased its services to Russia by 16% year-one-year while its rivals have cut flights to Russia by 43% over the same period. Last year’s top foreign carrier Lufthansa has reduced flights to Russia by 31%. British Airways and SAS AB have joined it in the exodus from Russia that was led by the UK’ s EasyJet.
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A state-owned Malaysian investment fund is in talks with the Russian Investment Agency (RIA) about the possibility of buying Russia’s bankrupt Transaero airline, RIA President Yury Spiridonov confirmed this week. The agency has held two meetings with Malaysia’s Ministry of Transport where discussions (more…)1prime Read More»
Russia’ state airline Aeroflot has decided not to go ahead with the acquisition of debt-laden Transaero after shareholders in the struggling budget airline missed the deadline for putting up an offer for the purchase of their 75% stake. The decision leaves Transaero’s future in limbo.
Last month, Aeroflot (more…)
Moscow has pledged to ban two Ukrainian airlines from flying to or over Russia after Kiev placed a similar bar on most of Russia’s carrierslast week. “Naturally, the Russian aviation authorities will take [retaliatory]measures,” Transport Minister Maxim Sokolov said. “We today have not yet received an official explanation or a formal prohibition from Ukraine, but once we get them, we will introduce [our own].”Rosbalt Read More»
Ukraine air transit ban: Ukraine’s decision to include most of Russia’s major airlines in its list of sanctioned organisations and therefore to bar them from flying over its territory could cost them tens of millions of dollars, the TASS news agency reported lat week.
The move is (more…)
Aeroflot buys Transaero: Aeroflot is to buy a 75% stake in struggling private airline Transaero for one rouble, it has been announced, in a takeover deal that will create one of the world’s largest air transport companies. Aeroflot also takes over Transaero’s €1.4bn debt, and says the company will be “completely overhauled and integrated” into the group.
Transaero was set up in 1990 in St Petersburg as a chartered airline flying airplanes leased from Aeroflot and has grown into carrier operating scheduled and charter flights to 103 domestic and international destinations. Earlier this year, it said it was looking to purchase large modern airplanes such as the most recent model of Boeing’s 747 and Airbus’ new double-decker A380 for long-haul flights between Moscow and New York.
While passenger numbers grew by 2.7% in the first half of 2015, the collapse of the rouble has kept Russians from flying internationally and Transaero posted a net loss of $128m for the same period.
Authorities from Beijing and Astana have agreed to expand Kazakh-Chinese air routes “significantly,” the Civil Aviation Committee of Kazakhstan’s Ministry for Investment and Development said yesterday after holding talks with their Chinese counterparts. The move means (more…)Times of Central Asia Read More»
Aeroflot cuts five international routes: With an increasing number of Russians planning to take their summer holidays at home, Aeroflot yesterday announced that it was cutting its services to Toronto (Canada), Dubrovnik (Croatia) , Karlovy Vary (Czech Republic), Punta Cana (Dominican Republic) and Krakow (Poland). At the same, it is doubling the number of flights from Moscow to Tyumen and increasing those to a further 14 Russian cities.ABN Read More»
Aeroflot profits grew by 18.5% last year to RUB13.1bn through a combination of an increase in passenger and income derived from the revaluation of foreign currency assets which meant that the weakness of the rouble worked in its favour. Gross profits were also up by 12.7% to RUB45.9 bn. Izvestia