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☆ Air India is rebranding after years of decline. Here are the biggest changes, from updated uniforms to swanky new Airbus A350s.
▼ + stars: | 2024-02-28 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

The new plane launched on domestic routes, like Bengaluru and Mumbai, in January and will eventually launch overseas, Air India says. It's very likely to fly to the US, though Air India has yet to release specific cities. Air India's business class is also way behind industry standards. Flight attendants and pilots are getting a makeoverIn December, Air India released photos of its new crew uniforms. Ground staff, engineers, and security personnel are also set to get new uniforms, which Air India said it will reveal in "due course."

Persons: —, Campbell Wilson, Taylor Rains, It's, Wilson, Christophe Archambault, Manish Malhotra Organizations: Service, Air India, Tata Group, Air, Business, Tata, Airbus, Boeing, Wings, Paris Airshow, Airbus A320neos, Russian, Aeroflot, India's Boeing, Qatar Airways, Delta Air Lines, Emirates, Q, Getty Images Air, Air India's Boeing Locations: India, Hyderabad, Bengaluru, Mumbai, Air India, AFP, Getty Images Air India, Qatar, Emirates

☆ Airbus confirms 55 jet deliveries in September
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsPARIS, Oct 9 (Reuters) - Airbus on Monday confirmed it had delivered 55 aircraft in September, bringing the nine-month total to 488 jets. Deliveries included the first A350 for Air India, part of a batch of six originally sold to Russia's Aeroflot. Air India placed orders for 470 Airbus and Boeing jets earlier this year. Reuters reported last week that Airbus had delivered around 55 aircraft in September, unchanged from the same month of 2022. Airbus sold 23 jets in September, bringing the nine-month order tally to 1,280 jets or 1,241 after cancellations.

Persons: Stephane Mahe, Tim Hepher, Sandra Maler Organizations: Airbus, REUTERS, Rights, Air India, Aeroflot, Boeing, Reuters, Thomson Locations: Toulouse, France

Signage is seen inside the Lloyd's of London building in the City of London financial district in London, Britain, April 16, 2019. The answer to that is yes," Neal told Reuters in an interview. "Absent UN intervention and UN clearance, we would not sanction the insurance," Neal said. The Lloyd's market estimated loss, net of reinsurance, from the Ukraine conflict was 1.6 billion pounds ($2 billion), he added. Lloyd's recorded a first-half pre-tax profit of 3.9 billion pounds ($4.9 billion) versus a loss of 1.8 billion pounds in the first half of 2022, helped in part by higher premium rates.

Persons: Hannah McKay, John Neal, Neal, Beazley, Adrian Cox, Cox, Lloyd's, Beazley's Cox, Sinead Cruise, Jan Harvey Organizations: REUTERS, United Nations, NATO, Moscow, Reuters, UN, Aeroflot, Thomson Locations: London, City, Britain, Turkey, Russia, Ukraine, Taiwan, Moscow

☆ Lessor AerCap agrees settlement over Aeroflot jets stranded in Russia
▼ + stars: | 2023-09-06 | by ( Conor Humphries | ) www.reuters.com time to read: +4 min

Before last year's invasion of Ukraine, Russia was a major market for aircraft lessors, which bought jets from Boeing (BA.N) and Airbus (AIR.PA) and leased them to Russian airlines. Aeroflot said in a statement that ownership of 18 aircraft and five engines had transferred to NSK following settlement with AerCap. AerCap filed a $3.5 billion London lawsuit last year against AIG and Lloyd's over 141 aircraft and 29 aircraft engines it owned that were on lease to Russian airlines. AerCap said settlement discussions were ongoing with respect to claims under the insurance policies of several other Russian airlines. AerCap in March said it had been approached by Russian airlines and their insurance companies about possible settlements for the stranded planes.

Persons: BOE, Denis Balibouse, AerCap, lessors, Conor Humphries, Gleb Stolyarov, Kirstin Ridley, Jason Neely, David Evans, Peter Graff Organizations: Airbus, Russian, Aeroflot, REUTERS, DUBLIN, NSK, Rossiya, Boeing, U.S . Treasury, Commerce, AIG, SMBC Aviation, Reuters, Thomson Locations: Geneva, Switzerland, Russia, Ukraine, Ireland, Moscow, NSK, AerCap, EU

Oleg Panteleev, head of the AviaPort aviation think-tank in Moscow, said Russian airlines have "solved the problem" of operating under Western sanctions. When those firms stopped providing services – Lufthansa Technik said it suspended sales to Russia from Feb. 28, 2022 – Russian airlines turned to a pool of far smaller suppliers. Ivan Melnicov, chief executive of Air Rock and another aircraft parts distributor in Moldova called Aerostage Services, denied selling products to Russia. Most of the shipments listed in Russian customs records as having been made by Air Rock and Aerostage took circuitous routes, transiting through the UAE or Kyrgyzstan. He said Skyparts had procured one of the Northrop Grumman parts from a U.S. supplier but denied ever sending it to Russia.

Persons: Paul Hanna, Northrop, Oleg Panteleev, Kirill Skuratov, Northrop Grumman, Ivan Melnicov, Melnicov, Aerostage, Kafolati Komil, Mahmadbashir Yakubov, Kafolati, Skyparts FZCO, Lisa Barrington, Saeed Abdulloev, Skyparts, Karine Bukrey, Ramses Turizm, Bukrey's, Ramazan, Bukrey, Akpinar, Nordwind, Valery Pashaev, Pashaev, Maurice Tamman, David Clarke, Daniel Flynn Organizations: Ural Airlines Airbus, Palma de Mallorca, REUTERS, Rights, U.S ., Northrop Grumman, Central Asia, Airbus, Boeing, Ural Airlines, Northrop, United Arab Emirates, Western, Reuters, of Commerce, European Union, Russian, S7 Airlines, Reuters Graphics Reuters, Aeroflot, Lufthansa Technik, Engineering, Rock Solutions, Air Rock, Aerostage Services, Airlines, UAE, Istikloliyat, Skyparts, Nordwind Airlines, Thomson Locations: Palma de, Spain, Russian, Yekaterinburg, U.S, Moscow, Russia, Central, Ukraine, Tajikistan, UAE, Turkey, China, Kyrgyzstan, Swiss, Germany, Moldova, Air, Moldovan, Saudi Arabia, Komilchon, Ural, Dubai, United Arab, Turkish, Antalya, Nusret, Technic, New York

☆ Hundreds of Russian tourists were stranded in Turkey when their planes broke down, a likely casualty of Western sanctions
▼ + stars: | 2023-08-15 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +4 min

Two flights operated by Russian airline Red Wings were unable to depart from Antalya, Turkey. The Boeing 777s had technical issues, leaving hundreds of Russian tourists stranded. The flights both belonged to Russian low-cost carrier Red Wings Airlines and were due to fly from Antalya Airport in Turkey over the weekend, The Moscow Times reported. that Red Wings had taken on too many flights with just three Boeing 777s in its fleet. In May, Russia's biggest commercial airline Aeroflot asked its employees to refrain from reporting malfunctions even if they are aware of them, according to the investigative Russian outlet Proekt.

Organizations: Russian airline Red Wings, Boeing, Service, Red Wings Airlines, Antalya Airport, Moscow Times, General's, Federal, Wings, Airbus, Kremlin, Aeroflot, Russia's Locations: Antalya, Turkey, Russia, Wall, Silicon, Russian, Yekaterinburg, Federal District, Zhukovsky, Moscow, Ukraine

☆ How Russia is evading sanctions to keep $10 billion worth of seized Boeing and Airbus planes flying
▼ + stars: | 2023-07-31 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

Russia seized some 500 leased Boeing and Airbus airliners after invading Ukraine. Western sanctions against Russia have taken a toll on the country's aviation sector — forcing the country to get creative to keep its planes flying. This included closing US, EU, and other allied airspace, preventing planemakers like Boeing and Airbus from sending spare parts to Russia, and stopping countries like Turkey from refueling Russian planes. But, the illegal import schemes are not the only methods keeping Russia's airlines alive. Buying off seized jets using rainy-day moneyAn Aeroflot Boeing 777-300ER parked at the gate at Los Angeles International Airport before the war.

Persons: It's, Vladimir Putin, Denis Kabelev, lessors, Fabrizio Gandolfo, —, Igor Chalik, Russia's NWF Organizations: Boeing, Airbus, Russia, Reuters, Aeroflot, S7 Airlines, Aeroflot Boeing, Los Angeles International Airport, Getty, TASS, Wealth Fund, lessors . Leasing, Airlines, Ural Airlines, Aerotime, country's Ministry of Finance Locations: Russia, Ukraine, EU, Turkey, Iran, China, Russia's, Kremlin, lessors, Russian

☆ Putin has an invitation to visit Cuba, says Russian ambassador
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, July 3 (Reuters) - Russia's ambassador to Cuba said President Vladimir Putin had an invitation to visit the Communist-run island but that it was too early to talk about preparations for such a trip, the state RIA news agency said. "Vladimir Vladimirovich (Putin) has an invitation, but I don't know how his plans will be lined up," Ambassador Viktor Koronelli told RIA. "The president of Cuba was in Moscow not long ago, in November of last year, so no real time has passed." Cuba had welcomed 66,000 tourists from Russia so far this year and Aeroflot's resumption of regular flights would probably mean a total of 100,000 Russian tourists visit the islands in 2023, Koronelli said. "I would like to say again that Russia can always rely on Cuba, all our aspirations and will," he told Putin, according to a Kremlin transcript.

Persons: Vladimir Putin, Vladimir Vladimirovich, Putin, Viktor Koronelli, Koronelli, Miguel Diaz, Canel, Raul Castro, Guy Faulconbridge, Andrew Osborn Organizations: Communist, Kremlin, Thomson Locations: MOSCOW, Cuba, Moscow, Russia, Cuban

☆ Russia's Aeroflot resumes regular flights to Cuba, suspended since Ukraine invasion
▼ + stars: | 2023-07-01 | by ( ) www.reuters.com time to read: +1 min

July 1 (Reuters) - Rossiya Airlines, part of Russia's Aeroflot (AFLT.MM) group, on Saturday resumed scheduled flights to Cuba, which had been suspended since Western countries shut Russia out of their airspace in response to its invasion of Ukraine. The first flight of what will begin as a twice-weekly service took off for the Cuban resort of Varadero from Moscow's Sheremetyevo airport on Saturday, Aeroflot said. Russian airlines suspended flights to Cuba, Mexico and the Dominican Republic on Feb. 28 last year, four days after the invasion, which Russia calls a "special military operation". The deputy prime minister for tourism, sport, culture and communications, Dmitry Chernyshenko, announced in May that regular flights to Cuba skirting the airspace of "unfriendly" countries would resume by July. Reporting by Reuters; Editing by Kevin LiffeyOur Standards: The Thomson Reuters Trust Principles.

Persons: Dmitry Chernyshenko, Kevin Liffey Organizations: Rossiya Airlines, Aeroflot, Saturday, Reuters, Thomson Locations: Cuba, Russia, Ukraine, Cuban, Varadero, Moscow's Sheremetyevo, Mexico, Dominican Republic

The shares have been held in Russia by a different depositary bank. DRs are certificates issued by a bank representing shares in a foreign company traded on a local stock exchange. Swapping DRs for shares in the Russian company is a first step towards an effort to recover their money. Deutsche Bank is now allowing investors to swap DRs for shares as part of its plans to exit all Russia business, one source said. JPMorgan & Chase (JPM.N), Citigroup (C.N) and BNY Mellon (BK.N) act as depositary banks for most other Russian depositary receipt programs, according to Clearstream.

Persons: Mechel, underscoring, Irina Tsukerman, Grigory Marinichev, Morgan Lewis, BNY Mellon, Sinead Cruise, Alexander Marrow, Elisa Martinuzzi, Megan Davies, Hugh Lawson Organizations: Moscow LONDON, Deutsche Bank, Reuters, Deutsche, Aeroflot, LSR, Novolipetsk, The Central Bank of Russia, Depository, JPMorgan, Chase, Citigroup, BNY, Commission, Control, Foreign Investments, Thomson Locations: Moscow, Ukraine, Russia, Russian, Washington, London, Carolina, New York

☆ Russian airlines have received millions of US-made aircraft parts since the invasion of Ukraine
▼ + stars: | 2023-05-17 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Over $14.4 million worth of US-made aircraft parts illegally entered Russia in 2022. Millions of dollars worth of aircraft parts entered Russia in 2022 despite Western sanctions preventing exports — suggesting the strategy isn't as bulletproof as governments had hoped. The aviation sector was expected to take a big hit as Russian carriers — including Rossiya Airlines, Aeroflot, Ural Airlines, S7 Airlines, Utair Aviation, and Pobeda Airlines — mostly fly Boeing and Airbus planes. With the influx of parts, Russian carriers have been able to better maintain their fleets — a reality that was not initially anticipated by experts, Bloomberg reported. Even so, Russian airlines have scheduled over 10,000 flights between Russia and Central Asia in May, per the NYT.

☆ Russia's biggest airline asked employees to refrain from reporting malfunctions on flights, report says
▼ + stars: | 2023-05-16 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +4 min

Aeroflot asked its employees to stop reporting malfunctions on planes, Proekt reported. Russia's biggest commercial airline Aeroflot has asked its employees to refrain from reporting malfunctions as it continues to suffer under Western sanctions, according to the investigative Russian outlet Proekt. This means that many flights are departing with significant breakdowns that staff are fully aware of, several employees said. A former pilot told Proekt that on a flight in January, he found a fuel leakage while starting the engines of a Boeing 737. "It had happened several times before, but there were no records of it in the technical log book — the airline's management asked us not to write anything," the pilot told Proekt.

☆ Russia's Aeroflot sends aircraft for repair to Iran
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, April 11 (Reuters) - Russia's largest air carrier Aeroflot (AFLT.MM), whose aircraft maintenance capabilities are crippled by Western sanctions, sent one of its Airbus (AIR.PA) planes to Iran for repair, the company said on Tuesday. According to the flight tracking system Flightradar24 the Airbus A330-300 flew to Tehran on April 5 and remains there until now. "The maintenance of the Airbus A330 aircraft (in Iran) will be implemented by a provider for a wide range of work," Aeroflot said in a statement. RBC media outlet first reported about the maintenance in Iran. Aeroflot declined to comment on details and did not name the operator that will carry out the repair.

☆ Russia's biggest airline reportedly sends first plane to Iran for repairs as sanctions cut off access to new replacement parts
▼ + stars: | 2023-04-11 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

Russia's biggest airline reportedly sent a plane to Iran for the first time for maintenance. Boeing and Airbus both stopped supplying Russian airlines with spare parts as part of the sanctions last spring. Aircraft lessors in the European Union were required to end contracts with Russian airlines last March. Analysts predicted Russia could start "cannibalizing" its fleet of planes for parts as Western sanctions blocked suppliers from sending parts and providing repairs for Russian airplanes. Russia reportedly signed an agreement with Iran last July to supply Russian airlines with Iranian airplane parts, and for Iran to provide maintenance and repairs for Russian aircraft.

☆ Terrifying video of Russian plane losing cabin pressure mid-flight shows how dangerous it's gotten to fly in Russia
▼ + stars: | 2023-03-02 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +4 min

A video of the incident shows panicked passengers with oxygen masks on their faces. An expert told Insider that Western jets are deteriorating due to a lack of servicing and parts. Musician Andrey Saltanov, who was also on the flight and verified the video to Insider, said: "The plane turned out to be ancient. The main federal investigating authority in Russia told RIA Novosti that the flight was forced to land "due to depressurization of the aircraft cabin," adding that an investigation is ongoing. One expert told Insider that flying in Russia could become increasingly dangerous.

☆ Terrifying video shows a Russian plane losing cabin pressure mid-flight — showing how dangerous it's gotten to fly in Russia
▼ + stars: | 2023-03-02 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +4 min

A video of the incident shows panicked passengers with oxygen masks on their faces. An expert told Insider that Western jets are deteriorating due to a lack of servicing and parts. The main federal investigating authority in Russia told RIA Novosti that the flight was forced to land "due to depressurization of the aircraft cabin," adding that an investigation is ongoing. One expert told Insider that flying in Russia could become increasingly dangerous. "Access to spare parts, which are sanctioned, is very limited," Denis Brailsford, the head of asset management at the UK's leading aviation consultancy group IBA, told Insider.

LONDON/MOSCOW, Feb 27 (Reuters) - Central Asian airlines are seizing opportunities from Russia's closed airspace, with airline traffic into the region booming in the year since Russia's invasion of Ukraine, executives and analysts said. "The Russian airlines themselves are severely constrained in what they can do because of equipment shortages, they can't maintain the aircraft to sufficient standards," said James Halstead, an aviation analyst and managing partner at Aviation Strategy. It will grow since the restrictions are lifted," one Russian airlines industry source said. If the war drags on in Ukraine, there could also be further opportunities for tourism in central Asia as Russian tourists look for alternatives to Europe for their holidays. The main tourist destinations were Turkey, with 5.2 million trips or about 25% less than in 2019, the United Arab Emirates, with 1.2 million trips or 21.2% more than in 2019, Egypt and Thailand.

☆ Airbus says Air India to lease jets on top of record order
▼ + stars: | 2023-02-14 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

PARIS, Feb 14 (Reuters) - Airbus (AIR.PA) will start delivering narrow-body A320neo-family jets to Air India at the end of this year as part of a 250-plane order, the aircraft manufacturer's chief commercial officer said. The carrier's huge aircraft acquisition will further expand as Air India additionally leases around 25 A320neo-family jets on the open market, he said in an interview. Reuters reported last month Air India was poised to acquire a total of 495 planes. The Airbus part of the direct order includes 34 A350-1000 aircraft and six smaller A350-900s originally destined for Russia's sanctions-hit Aeroflot. Asked whether the deal supported Airbus plans for higher A350 production, Scherer said: "It is poised to grow for sure".

☆ Russia rainy day fund shrinks by $38 bln as government plugs deficit
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +2 min

Jan 18 (Reuters) - Russia's National Wealth Fund shrank to $148.4 billion as of Jan. 1, down $38.1 billion in a month, as the government took out cash to plug its budget deficit, data showed on Wednesday. The ministry said it had spent 2.41 trillion roubles ($35.1 billion) from the NWF, a rainy day fund that accumulates oil revenues, to cover the deficit in December. The size of the NWF at Jan. 1 was equivalent to 7.8% of Gross Domestic Product, the finance ministry said. Finance Minister Anton Siluanov said last week that Russia recorded a budget deficit of 2.3% of GDP last year, having targeted a surplus of 1% before the start of the war. According to the budget law, the finance ministry can spend another 4.2 trillion roubles, currently worth around $61 billion, over the next two years to plug the deficit.

☆ Russia's Aeroflot bought 10 Boeing 777 from Russian bank VEB, sources say
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +2 min

Jan 11 (Reuters) - An Irish lessor that sold 10 Boeing 777-300ER aircraft to Russia's flagship carrier Aeroflot (AFLT.MM) last year was a local subsidiary of state controlled Russian development bank VEB, two sources familiar with the matter told Reuters. State-controlled Aeroflot announced on Dec. 30 that it had bought 10 Boeing 777-300ER long-haul planes it previously leased from an Irish company, which it refused to name. Aeroflot and VEB-Leasing, a part of VEB Group, did not immediately respond to requests for comments. To protect domestic flights, Moscow re-registered the aircraft in Russia and refused to allow some of them to leave, stranding almost $10 billion worth of aircraft in Russia. Russian airlines continue to operate many of the jets, but some have struggled to secure replacement parts.

☆ Airbus maintains jetmaker top spot despite missing goal
▼ + stars: | 2023-01-10 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

The France-based company said it had delivered 663 jets or a net total of 661 after allowing for two Aeroflot jets previously caught up in Western sanctions against Russia. It won 1,078 jet orders during 2022, or a net total of 820 after allowing for cancellations. Reuters reported last week that Airbus had provisionally delivered as many as 663 aircraft in 2022. Airbus last month abandoned a target of "around 700" deliveries for the year, saying the final outcome would not be materially below this. Airbus Chief Executive Guillaume Faury blamed the shortfall on the "complexity of the operating environment" but said Airbus would continue to ramp up production.

☆ Aeroflot boss cals for 'state protectionism' to defend Russian aviation
▼ + stars: | 2022-12-28 | by ( ) www.reuters.com time to read: +1 min

Dec 28 (Reuters) - The head of Russia's state-controlled airline Aeroflot called on the Russian government to "balance the interests" of Russian and foreign airlines in order to support the domestic aviation sector, in an interview with Russian news site RBC published on Wednesday. In the interview, Aeroflot CEO Sergei Alexandrovsky said it is "important that the state balances the interests of Russian and international carriers. Because it is obvious that foreign carriers now have much more opportunities and advantages in these conditions". Russian airlines stopped flying to most overseas destinations after Western countries imposed unprecedented sanctions, including bans on Russian carriers, after Moscow sent tens of thousands of troops into Ukraine on Feb. 24. Alexandrovsky said that competitors, including Turkish Airlines (THYAO.IS) and Emirates (EMIRA.UL) had benefitted most from the situation, and called for a degree of what he called "state protectionism" to safeguard domestic aviation.

Russian airlines continue to operate many of the jets, but some have struggled to secure replacement parts. AerCap (AER.N), SMBC Aviation Capital and Avolon, the world's largest lessors, declined to comment on whether they were involved in talks on payment for jets from Russian airlines or their insurers. RUSSIAN STATE FUNDSRussian state backing for the talks was demonstrated in an Aug. 30 letter from its Transport Ministry to 23 airlines. That was "considerably less than the aggregate Agreed Values" for the aircraft, SMBC said in the letter. But one Western finance official said any deal would face major legal and diplomatic hurdles and talks may be premature.

☆ Airbus pledges deeper industrial ties with India
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +3 min

[1/2] A Airbus A350 aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter CziborraPARIS, Dec 21 (Reuters) - Airbus (AIR.PA) plans to deepen its industrial presence in India, Chief Executive Guillaume Faury said on Wednesday after meeting the country's prime minister. Faury's comments on industrial presence come as India is increasingly involved in the civil supply chain. Airbus declined to comment and Tata Group was not immediately available to comment. In October, Tata Group and Airbus said they would make the C-295 military transport aircraft in India.

☆ Russian state-owned bank VTB hit by largest DDoS attack in its history
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies This content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Dec 6 (Reuters) - Russia's No. 2 bank VTB (VTBR.MM) was hit by the largest cyber attack in its history, it said on Tuesday, warning of temporary difficulties in accessing its mobile app and website, but assuring customers that their data remained safe. "The bank's technological infrastructure is under an unprecedented cyber attack from abroad," VTB said in a statement. VTB said the majority of attacks had come from abroad, but that it was particularly concerned by traffic from Russian IP addresses. It said it would hand over all identified Russian IP addresses to law enforcement.

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