Red Sea Airlines, based in Egypt, has announced the launch of seasonal charter services from Koltsovo Airport(Yekaterinburg, Russia) to Sharm el-Sheikh, beginning 23 July 2025. The airline will utilize Boeing 737-800 aircraft for these operations, with additional flights from Yekaterinburg also scheduled to start in July.
Russia has announced plans to significantly increase the production rate of its TU-214 narrowbody aircraft to 20 units per year by 2027–2028, marking a strategic push to bolster domestic aircraft manufacturing capacity. The decision aligns with Russia’s broader objective to reduce reliance on Western-built aircraft, particularly as ongoing sanctions and international restrictions limit access to parts, services, and…
AerCap, the world’s largest aircraft lessor, has been awarded over $1 billion by a UK High Court ruling, which found that insurers are obligated to cover losses related to aircraft stranded in Russia. The case stemmed from the aftermath of sanctions and countermeasures that left hundreds of leased aircraft unable to be repossessed by Western lessors following the invasion of…
Aeroflot, Russia’s flagship carrier, is exploring the possibility of bolstering its fleet with foreign aircraft through wet leasing arrangements. Sergei Aleksandrovsky, the airline’s CEO, shared this development as Aeroflot navigates the complexities of current market conditions.
Aeroflot Group, one of Russia’s leading airline groups, has announced ambitious plans to strengthen its fleet with the delivery of over 100 MC-21 aircraft by 2030. This significant commitment is part of a broader order for 339 Russian-built aircraft, which also includes 210 MC-21, 89 SJ-100, and 40 TU-214 aircraft.
Aeroflot Group (Russia) has announced that it expects to complete insurance settlements with foreign lessors covering 36 aircraft in its fleet. According to CEO Sergei Aleksandrovsky, all commercial terms of these settlements have already been finalized, paving the way for a resolution to long-standing issues stemming from the grounding of foreign-leased aircraft in Russia.
UAC (United Aircraft Corporation) of Russia has reported a net loss of $36.7 million for the first quarter of 2025, a more than threefold increase compared to the same period last year. The sharp downturn coincided with a 42% decline in quarterly revenue, which fell to $215.3 million.
Tulpar Air, a Russian aviation company, has initiated legal proceedings against its founder and former chairman Azat Khakim, filing a lawsuit with the Arbitration Court of Tatarstan to recover $3 million in damages. The claim centers on alleged financial misconduct or mismanagement that the company says caused measurable harm to its operations and reputation.
Ural Airlines, a Russian carrier, has announced it will distribute $84.5 million in dividends from its 2024 profits, reflecting strong financial performance during the year. The company also revealed that the remaining $130.6 million of net profit will be directed to its Accumulation Fund, aimed at supporting future growth and strategic investments.
Aeroflot, Russia’s flagship carrier, has reported a solid financial performance for the first quarter of 2025, achieving a net profit of $689 million. The carrier’s revenues also rose 12.4% year-on-year, reaching a total of $1.9 billion, highlighting strong demand recovery and robust cost management across its operations.
