Dubai Aerospace Enterprise (DAE), based in the UAE, has announced cash proceeds of approximately US$201 millionfrom settlements with selected insurance companies. The settlements relate to aircraft previously leased to airline carriers in Russia.
Utair, a Russian airline, has been added to the updated sanctions list of the European Union (EU), following accusations of its role as a “contractor for the Russian Ministry of Defense”. The decision reflects the EU’s ongoing measures to impose restrictions on entities linked to Russia’s defense activities.
Azimuth Airlines, a regional carrier based in Russia, has received approval to operate new international routes. The airline will connect Sochi and Mineralnye Vody with Riyadh and launch a route from Mineralnye Vody to Karshiusing the SJ-100 (Sukhoi Superjet 100). These approvals mark a significant milestone for Azimuth as it expands its network into the Middle East and Central Asia, catering to increasing demand for…
Utair (Russia) has announced a significant organizational restructuring following shareholder approval for a merger with TS Technic (Russia). The decision marks a strategic move to consolidate operations and streamline services, particularly in maintenance and technical support. The merger, formally approved by Utair shareholders, is expected to provide operational synergies and cost efficiencies. TS Technic, a key player…
Conviasa (Venezuela) has announced the launch of a new route connecting Caracas to Guangzhou, China, with a stopover in Moscow, Russia. The service is scheduled to commence on December 20, 2024, marking a significant expansion in the airline’s international network.
Yakutia Airlines, based in Russia, has announced a need for $30.2 million in state budget support for 2025. The funds are critical for the airline’s operations, ensuring financial stability and the continuation of essential services in a challenging market environment.
Tulpar Air, a Russian airline, has been ordered by the Arbitration Court of the Republic of Tatarstan to pay US$4.2 million to its former director, Azat Khakim. This legal ruling concludes a significant dispute between the airline and its former executive.
Aeroflot (Russia) has signed a preliminary agreement with I Fly (Russia) to lease three Airbus A330 aircraft. This strategic move is part of Aeroflot’s plan to expand its route network to the Far East, enhancing connectivity and capacity on long-haul routes.
Azimuth Airlines (Russia) is currently assessing the continued operation of its Sukhoi SJ-100 aircraft involved in an incident at Antalya Airport. The plane experienced a hard landing, during which a fuel fire ignited near the aircraft. Preliminary evaluations suggest the plane may be deemed a total loss.
United Aircraft Corporation (UAC) (Russia) has announced significant leadership changes at two of its key subsidiaries, Yakovlev and Tupolev. Andrey Boginsky, CEO of Yakovlev, and Konstantin Timofeev, Managing Director of Tupolev, have stepped down from their respective roles.
