Aeroflot announced (24-Sep-2013) its board of directors met on 24-Sep-2013 and approved the establishment of a low cost subsidiary in the form of a limited liability company. The board also approved the lease of one A321 aircraft on a sale and leaseback agreement for delivery in Oct-2013. The aircraft will be leased for a period of no more than 12 years from the date of delivery. Meanwhile, the airline plans to improve catering in economy class in 2014 while also improving the selection on wines for passengers in all classes. The airline also plans to introduce a special healthy and balanced menu on Moscow-Sochi service over the Winter 2014 Olympics in Sochi. [more - original PR Russian]
Aeroflot board of directors meets, approves establishment of low cost subsidiary
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The data indicate that total worldwide deliveries fell in 2016, the first such decline for six years, as a result of delays to new aircraft programmes. Boeing delivered more aircraft than Airbus for the fifth straight year, but its deliveries fell short of its 2015 level, while Airbus increased its numbers year-on-year. Total deliveries will likely rise again in 2017, but this may prove to be a peak year.
S7 Airlines Part 2: history of growth in fleet, pax, revenue & profit shows benign market structure
Part 1 of CAPA's analysis of the S7 Airlines Group examined its network and competitive positioning, particularly with respect to the Russian market leader Aeroflot Group. Away from its Moscow Domodedovo hub, S7 has pockets of strength serving cities in Asia from regional Russian airports.
This second part of the report on S7 highlights its respectable track record of growth in its operations and profitability since the establishment of its subsidiary Globus in 2008. In 8M2016 its passenger growth rate accelerated to 25%, after a 6% increase in 2015. Although demand for international air travel to/from Russia has slumped due to geopolitical developments, S7 has benefited from growth in the domestic market and from capacity cuts by foreign competitors on international routes. It has also benefited from the 2015 collapse of Transaero (although Aeroflot has gained more from this).