Rusisan tennis star Sharapova comments on her performance in VTB Kremlin CupSport October 17, 19:29
Russia blacklists almost 400 football fansSport October 17, 18:48
Window for dialogue with Ukraine still open — diplomatRussian Politics & Diplomacy October 17, 18:40
Sharapova out of 2017 VTB Kremlin Cup in Moscow after 1st roundSport October 17, 18:35
Ten Russian universities included in Times Higher Education rankingSociety & Culture October 17, 18:00
Diplomat reveals foreign structures behind wave of fake ‘Russian embassy’ accountsRussian Politics & Diplomacy October 17, 16:57
Russian Guard, police may get electroshock shields for special operationsMilitary & Defense October 17, 16:41
Catalonia promises not to give up independence bidWorld October 17, 16:21
Political strife off the radar as Syria plays in 2018 FIFA World Cup qualifiersSport October 17, 16:16
MOSCOW, August 31 (Itar-Tass) - The board of directors of Russia’s airlines Aeroflot has made a decision to create an affiliated low cost carrier and to start financing the project in the near future, as follows from the company’s official news release.
The money will begin to be disbursed in 2013 and more investments into the project will be reserved in the 2014 budget.
Aeroflot has refrained from disclosing any financial or other details of the project.
According to earlier unofficial reports, Aeroflot within the next two years would invest about 100 million dollars in a future low cost air carrier, scheduled to go in business in March 2014. Over the next five years the newly-founded air carrier is to build up its fleet of aircraft to an estimated 40 to 50 liners.