Russia formally establishes AirUnion successor carrier.

[cHabu]

Russia formally establishes AirUnion successor carrier.

Aeroflot may at last have a genuine rival carrier following the creation earlier this week by
Moscow's city government and state-guided corporation Russian Technologies of a
new airline to succeed the defunct AirUnion alliance.

The company has been tentatively called Russian Airways and has a charter capital Rb100,000 ($3,800).
It will be headquartered in Moscow and should comprise assets in a dozen carriers, set for merger,
with a combined fleet of around 250 mainline aircraft. But according to Vitaly Vantsev, who headed up
the AirUnion rescue team and has been proposed as the new airline's general director, only 47 foreign
and 10 Russian-built aircraft are economically efficient, which is why it would need to acquire new
equipment both domestically and abroad.

link to full story.

Credit: Flightglobal.com / Tom Zaitsev.

Bye, Chris.