UTair reported a RUB270 million ($11 million) profit in 2007, up 2.3% from the year-ago figure, according to press reports from Russia. It expects net earnings of RUB320 million this year on revenue of RUB33.3 billion. AK&M reported that UTair intends to add 10 737-500s by year end and 10 more by the close of 2009. Bloomberg News reported that it will lease half of those aircraft from Continental Airlines. Separately, UTair transported 205,398 passengers in January, up 122.7% from the ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.