Utair, a prominent regional airline based in Russia, recorded a net profit of US$7.7 million in the first quarter of 2025, supported by a 13.7% year-over-year revenue increase to US$209.5 million. The results highlight the airline’s operational resilience amid continued economic uncertainty.
Utair, a key player in the Russian aviation sector, has announced a net profit of $10.3 million for the year 2024. The airline also saw a significant increase in its revenue, which rose by 20.9% to reach $941.9 million.
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.
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…
Aquila Technics, an Armenian company specializing in aviation parts and services, has refunded just over $40,000 to Utair, a Russian airline, for undelivered aircraft engines. This payment is part of an ongoing legal case between the two entities, wherein Utair sought a refund for engines that were not delivered as per the agreement. The court case has now been…
