The Russian government has approved a bill to allow local airlines to sell non-refundable tickets, which will enable local carriers to be more competitive on the international market. It is expected the document will be considered by the State Duma later this fall.
According to Russian Air Code, currently the airline is obliged to give back the full ticket cost to passengers who cancel their reservations 24 hours before the flight.
Aeroflot CEO Vitaly Saveliev has said the non-refundable tickets are necessary to launch low-cost carriers (LCCs) in the country. Last year, Aeroflot registered a new LCC subsidiary called Dobrolet, which plans to start flights later this year. The new LCC is 100% owned by Aeroflot, which will invest $100 million in the carrier over the next two years.