S7 Airlines plans to phase out the last of its 35 Russian-built aircraft next week owing to lower passenger demand. "The summer season was an alarm bell for us," CEO Vladislav Filev told ATWOnline in Moscow, calling the decision to ground S7's 27 Tu-154s and eight Il-86s "dramatic" and necessary to remain profitable. Russia's second-largest airline in terms of passengers carried, S7 will reduce its maintenance costs by 50% with the move but also will have to eliminate 600 crew and 1,000 MRO ...

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