Eastern Europe Airlines no.4: S7s Tupolevs, Ilyushins and high fuel prices dont mix
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S7, Russia’s largest domestic airline, last week reported solid year-on-year traffic growth for the month of May. But the airline’s continued heavy reliance on old and fuel-thirsty Russian technology, in a market which is now highly competitive, means that it will be struggling to stay profitable – unless it can re-fleet quickly.
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