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Travelport signs multi-year content deal with UTair Aviation

Travelport has signed a new multi-year, global full content agreement (FCA) with Russian airline, UTair Aviation. The largest hub of UTair Aviation is based in Vnukovo International Airport and the carrier operates 200 domestic and international flights daily to approximately 150 destinations, 65 of which are exclusive within the Russian aviation industry.  Under this agreement, UTair...

VD Gulf & UTair – the beginning of cooperation

After a thorough and detailed tender evaluation process UTair, the prominent Russian based airline, selected Volga-Dnepr Gulf to perform maintenance work on UTair’s Boeing 737-400 aircraft. The work scope includes ship set landing gear change, multiple A-checks and AD/SB accomplishment. This contract paves the way for a wider and long term cooperation between two companies. Managing Di...

Raiffaisenbank: Russia’s UTair finishes debt restructuring

Russian airline UTair has fully restructured its 160 billion ruble debt, a representative for the restructuring consultant Raiffaisenbank told PRIME Tuesday. “Yes, we confirm that the deal is over,” the representative said. In November, the airline signed a deal with a syndicate of 11 banks to restructure a 43 billion ruble debt.

Russian government agrees to bail out UTair Airline

The Russian government is stepping in to support UTair Airline with Russian prime minister Dmitry Medvedev signing a resolution guaranteeing RUB9.5 billion ($138.6 million) to help secure loans. UTair faced financial difficulties in 2014 due to economic changes and a decrease in passenger demand. It reported a 2014 net loss of RUB61.66 billion ($1.09 billion). In February 2015, it was announced...

Russia’s UTair completes sale of Katekavia subsidiary

Russia’s UTair Airline has completed the sale of its Katekavia subsidiary. The carrier was rebranded to Azur Air as a result of the deal, but continues using an air operator’s certificate with the Katekavia name,ATW reported. According to Russia’s Federal Tax Service registry, 100% of Azur Air is owned by One2fly. The register states 80% of One2fly bel...

Russia's UTair Group offloads Azur Air unit to Turkey's ATG

The UTair Group says it completed the sale of its Azur Air (ZF, Krasnoyarsk) charter unit in September of this year as part of its cost-reduction programme. Though not confirmed by the Russians, Turkey's Anex Tourism Group (ATG) has already acknowledged as the buyer. UTair says the decision to offload the carrier, then known as Katekavia (ZF, Sharypovo), and its fleet of nine B757-200s was...