Russia’s Aeroflot (SU) will create a low-cost carrier if state authorities make changes in the air code allowing carriers to sell nonrefundable tickets, SU CEO Vitaly Saveliev said. Currently, Russia’s air code requires every Russian airline to refund the ticket price to the passenger if he/she refuses to fly and informs the carrier in advance. SU said it would create an LCC several years ago, establishing the new carrier on the basis of Saravia (6W) regional airline, which ...

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