Russia’s government, under the direction of Prime Minister Mikhail Mishustin, has announced plans to invest a minimum of $8.5 billion over the next six years into its Aircraft and Helicopter Manufacturing initiative. This federal project is a strategic part of Russia’s broader industrial development plan, aimed at increasing domestic aerospace production capacity and reducing dependency on foreign suppliers.
Mikhail Minaev, the former fleet planning director at Aeroflot, is facing criminal charges over an alleged US$48.7 million fraud scheme related to aircraft leasing contracts. The case involves leasing transactions for 28 Airbus A320 and A321 aircraft signed between 2016 and 2018, when Minaev held a senior position in the airline’s fleet acquisition division.
S7 Airlines, a prominent carrier in Russia, has expanded its fleet with the delivery of an Airbus A319, bearing serial number 2373. The aircraft is powered by CFM56-5A5 engines, manufactured by CFM International, and is expected to enhance the airline’s domestic and regional route performance.
Aeroflot Group has posted a robust financial performance for the first quarter of 2025, with revenues climbing 9.6% year-on-year to reach $2.4 billion. This growth reflects a rebound in international travel, higher load factors, and increasing passenger numbers across its domestic and global networks.
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.
