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Aeroflot will fly to Hong Kong, Italy and Finland more often
The Interdepartmental Commission of Ministry of Transport of Russian Federation has authorized Aeroflot airlines to increase the frequency of flights to Hong Kong, Rome, Milan and Helsinki. As follows from the materials published on the website of Rosaviation, the carrier will now be able to fly to Hong Kong up to 14 times a week (previously there was an admission to perform 7 flights a week), to Rome and Milan - up to 35 times (instead of 28), Helsinki – up to 21 times (instead of 14).
"Aeroflot" will launch flights to Newark airport in summer 2017
The airline company "Aeroflot" plans to start daily flights from Moscow to Newark Liberty International airport (located near Newark city, New Jersey) since June 1, 2017. The flights will be performed by Airbus A330. Departure from Moscow (airport "Sheremetyevo") is scheduled at 20:00, arriving to Newark at 23:00. Departure of the return flight is scheduled at 1:00 with arrival to Moscow at 17:20. Newark Liberty airport is 24 km south-west of New York's Midtown area. Currently, "Aeroflot" implements two daily flights to New York City airport John F. Kennedy (JFK).
"Aeroflot" will twice increase flights to London this winter
“Airline company "Aeroflot" almost double increase the frequency of flights from Moscow to London this winter”, - said the carrier in a statement. The number of flights will increase from current 18 to 32 flights a week. This is due to the opening of the flights to the second most important airport of London - Gatwick.
“Aeroflot" can sell the airline company "Rossia"
"Aeroflot" is ready to sell its largest subsidiary - the airline company "Rossia", - writes the newspaper "Vedomosti" with reference to the three federal officials. Previously, "Rossia" became the second air carrier in Russia: it included "Orenburg Airlines" and "Donavia". According to the newspaper, the Deputy Prime Minister Arkady Dvorkovich ordered Ministry of Transport of the Russian Federation to present proposals on the sale possibility of "Aeroflot’s” subsidiary "Rossia".
Aeroflot Group plans to finish 2016 with profit — company's head
The Aeroflot Group plans to end 2016 with a profit under Russian Accounting Standards (RAS) and International Financial Reporting Standards (IFRS), said Head of the Aeroflot Group Vitaliy Saveliev told reporters on the sidelines of the St. Petersburg International Economic Forum on Friday. The company has no plans to borrow internationally in 2016, has moderate debt burden, Saveliev said.
In June, Aeroflot will open flights to Lyon
Starting from June 3, 2016, Aeroflot airline will start regular flights from Moscow to French Lyon, the press service of the air carrier reported. The airline plans to operate flights on the route Moscow - Lyon - Moscow three times a week on Airbus A320. Flight SU 2480 will depart from Moscow (airport Sheremetyevo) at 10:25 and arrive in Lyon at 13:15, return flight SU 2481 will depart from Lyon at 14:25 and arrive in Moscow at 19:05 (local time). The price for round-trip ticket on the web site of Aeroflot is currently starts from 27 060 rubles. Currently, flights between Moscow and Lyon absent.
Ex-owners of Transaero put together 72% of company’s shares to close deal with Aeroflot
Former owners of Transaero air carrier (the Pleshakov family) have put together 72% of the company’s shares for closing the deal with Aeroflot, Transaero’s former CEO Olga Pleshakova wrote in her Twitter microblog. Part of the shares was held in pawn in one of the state banks. Another state bank was to provide another 3% and announced its intention to do so at a meeting on September 1, according to Pleshakova.
Russian transport minister: Only Aeroflot can fill gap after Transaero goes away
Only Aeroflot can close the gap in international flights after Transaero goes away, Russia’s Minister of Transport Maxim Sokolov said on Friday. "The most important now, when the license is canceled and the company [Transaero] will not make its flights, all our aviation market will be incompetitive in respect of other international airlines having everything in order and continuing to carry both their and our passengers with the same flying rates. Certainly, we need to reach parity and close the gap urgently. Certainly, only Aeroflot can do that with the fleet of wide-body aircraft flying mainly on international destinations," the minister said. Aeroflot took operational control over the distressed Transaero airline early in September. The decision on bankruptcy of the air carrier was taken by the Russian Government on October 1. Aeroflot will receive 56 international routes of Transaero as compensation of expenses for carrying Transaero passengers.
Aeroflot says it is yet to carry 230,000 passengers of Transaero until December 15
Russia’s flagship carrier Aeroflot will carry 230,000 passengers with tickets of Transaero airline by December 15, Vitaly Saveliev, general director of Aeroflot, said in an interview with the Russia 24 TV channel. "Approximately 230,000 people (are yet to be carried — TASS) including those of Biblio Globus (tour operator —TASS).
Aeroflot to transport Transaero passengers on international flights until October 5
Holders of Transaero tickets for international flights will be transported through October 5, Aeroflot CEO Vitaly Savelyev told journalists Friday. "Transportation of passengers from abroad does not stop on October 5 until all the passengers are transferred. As for the tickets purchased as part of the tour package, the refunds will be managed by the tour operators. Detailed information with step by step explanation of how to get a refund or to exchange tickets, will be posted today [October 2 — TASS] on Aeroflot and Transaero websites.
Aeroflot cannot buy Transaero: shareholders of Transaero failed to collect the required shares
Shareholders of Transaero airline thwarted term of the offer to repurchase by Aeroflot 75% + 1 share for 1 ruble. According to Kommersant newspaper, the owners have not been able to gather the necessary shares. One of the reasons the sources of "Kommersant" believe that 25% of "Transaero" are pledged with VTB bank, the other - the differences between creditors on debt restructuring of the carrier.
Aeroflot will transfer part of the flight of his daughter companies to Domodedovo airport in Moscow
Aeroflot airline plans to redistribute flights if its daughter companies among Moscow airports, the newspaper Kommersant wrote with reference to its sources. According to the newspaper, Aeroflot is negotiating the transfer from Sheremetyevo of all flights of Donavia and from Vnukovo the part of the flights of Orenburg airlines to Domodedovo. According to sources of the newspaper, thus "Aeroflot" wants to avoid internal competition with its low-cost airline Pobeda, but it is possible that the companies of the group will take in Domodedovo the place of Transaero (the company is in the process of accession to the group of Aeroflot), the number of flights of Transaero can be reduced by 70%.
Russia’s antimonopoly watchdog may demand Aeroflot sell part of its airline routes
The Federal Antimonopoly Service (FAS) finds it necessary to oblige Russia’s flagship carrier Aeroflot to sell part of its airline routes - both domestic and foreign - in the next two years, head of the service Igor Artemyev told reporters. On Tuesday, it was announced that Aeroflot would buy 75% in Transaero air carrier. "We really should give our consent to this transaction, since about 50% of the market is in the hands of Aeroflot. This is not a tragedy, although it is already a signal for us [as an antimonopoly watchdog -TASS]. We may set some structural requirements - namely we may ask Aeroflot to sell some of its routes, where it acquires a monopoly position as a result of the merger with Transaero.
Pobeda airline can start international flights in winter 2015 — source
Aeroflot subsidiary Pobeda airline can begin international flights in the winter of 2015 to CIS countries, the Balkan region, Germany and Italy, a source in Aeroflot told TASS Wednesday. "This will be possible in case restrictions of the Federal Aviation Regulations are lifted," he said. Now, according to the requirements, the airline can gain admission to carry out international flights only after it has been carrying out flights for two years. Pobeda airline plans to transport 2.8-3.2 mln passengers in 2015. By 2018, the fleet may consist of about 40 aircraft and the volume of passenger traffic will reach 10 mln people per year, allowing the company to enter the top five Russian airlines. Currently the company’s fleet consists of 11 Boeing 737-800.
Nobody Wins in Transaero Sale
Aeroflot's upcoming purchase and reorganization of Transaero Airlines follows the traditional Russian quasi-state-controlled business model. The Aeroflot board of directors recently met to consider purchasing a 75 percent plus one share of Transaero Airlines. Deputy Prime Minister Igor Shuvalov had already approved the deal at an earlier meeting. Transaero is in a difficult situation with falling revenues and banks refusing to restructure its more than $1 billion in debt, among other problems.
Aeroflot-Transaero Merger to Help Russia Keep Share on Air Transit Market
The purchase of Transaero Airlines by Russia's flag carrier Aeroflot will help resolve the company's debt problems and allow Russia to minimize risks of losing its share on the global air transit market, a source in the Economic Development Ministry said Tuesday. Earlier on Tuesday, Aeroflot announced plans to purchase 75 percent of Transaero shares for a symbolic amount of 1 ruble (1.5 US cent) and carry out a complete restructuring of the debt-stricken airline.
Fitch Ratings has downgraded Russia's largest airline Aeroflot's Long-term foreign currency Issuer Default Rating (IDR).
Fitch Affirms Gazprom Rating at 'BBB-' With Negative Outlook. Fitch Ratings said Monday it had downgraded Russia's largest airline Aeroflot's Long-term foreign currency Issuer Default Rating (IDR) to 'B+' from 'BB-' and placed it on Rating Watch Negative (RWN). "Aeroflot's rating downgrade reflects our expectations of weakening credit metrics over 2015-2017, principally due to rouble devaluation and lower yields," Fitch said in a statement. "The RWN reflects the expected negative impact of Aeroflot's announced acquisition of a majority stake in OJSC Transaero Airlines on its already stretched financial profile, at least in the short-term," the statement said.
Aeroflot airline decided to liquidate Dobrolet
Aeroflot airline has decided to liquidate its "daughter" company, the low-cost air company Dobrolet, according to the information of SPARK-Interfax database. Dobrolet low-cost airline started operations in June 2014 with a flight to Simferopol. On July 30, 2014, the EU has imposed restrictive measures against Russian low cost air company. As the official Council of the EU explained to Interfax, Dobrolet fell under the sanctions, because it is directly involved in the integration process of the Crimea to Russia. On August 4, 2014 Dobrolet" reported that the company stops all flights.
Aeroflot cancels flights to three US cities, as well as to Dubai and Lisbon until April 30
Aeroflot suspends regular flights to Washington, Los Angeles and Miami until April 30. In addition, the flights to Dubai and Lisbon are suspended until April 30.