newstodate.aero
Oct 17, 2014 (newstodate): One Russian airline bleeding in 2014 is UTAir that has applied to the Russian state for help in support of its cost-cutting program.
The carrier has announced the decision to cut the flight program by 20 percent during this winter's operations, and to lay-off 10 percent of its staff to relieve the situation.
UTAir is also said to be negotiating with Airbus and Boeing for postponing the deliveries of new aircraft ordered while it will not abrogate existing orders.
According to the order book with Airbus a total of 20 Airbus A321 are to be delivered, eight of which are already now with the carrier, while UTAir has also ordered 40 Boeing 737-800 and -900 aircraft from Boeing, wix of which have been delivered.
One factor driving down the profits of UTAir is the declining exchange rates of the Russian Rubles as well as fuel prices.
UTAir currently operates a fleet comprising 123 aircraft, with orders for a further 75 aircraft.
The carrier has announced the decision to cut the flight program by 20 percent during this winter's operations, and to lay-off 10 percent of its staff to relieve the situation.
UTAir is also said to be negotiating with Airbus and Boeing for postponing the deliveries of new aircraft ordered while it will not abrogate existing orders.
According to the order book with Airbus a total of 20 Airbus A321 are to be delivered, eight of which are already now with the carrier, while UTAir has also ordered 40 Boeing 737-800 and -900 aircraft from Boeing, wix of which have been delivered.
One factor driving down the profits of UTAir is the declining exchange rates of the Russian Rubles as well as fuel prices.
UTAir currently operates a fleet comprising 123 aircraft, with orders for a further 75 aircraft.