Russian Federal Air Transport Agency (Rosaviatsiya) stated Rossiya State Transport Company's (GTK Rossiya Airline) losses for the use of the Antonov An-148 aircraft in 2010 totalled RUB300 million (EUR7.5 million) (Itar-Tass, 11-Mar-2011). GTK Rossiya is the only operator of An-148 equipment in Russia, with six aircraft. The carrier has had to withdraw the aircraft from service for upgrade work but is still required to make lease payments.
GTK Rossiya Airline reports EUR7.5m in losses from AN-148 aircraft
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Airports - subject as always to the vicarious uncertainty of airline fortunes
CAPA’s 2016 outlook was against a background of unusually high levels of profitability for airlines. In 2017 those profit levels may be eroded as oil prices creep back up, economies falter and political uncertainty abounds over matters such as ‘Brexit’ and the election of a new and unpredictable US president – along with the prospect of greater levels of protectionism and threats to open skies agreements. All of which, of course, must impact on airports.
Perhaps nothing sums up this political uncertainty more than the ‘decision’ made – at length – by the British government that London Heathrow Airport will be expanded by the addition of a single runway, and which is not a decision at all. It must be rubber stamped by MPs by Dec-2017 and there is no ‘certainty’ about that. On a potentially more positive note however, Donald Trump’s election as US President could generate new, much need investment in US airport infrastructure.
Global Airport Development Conference report: Trump, Brexit, pipelines and PPPs. Part 2
This report on the Global Airport Development Conference held in Lisbon on 29-Nov to 01-Dec-2016 covers the proceedings of Day 2 of the event.