Aeroflot CEO expects 20% industry growth, bankruptcies among Russian airlines a possibility

2 January, 2018

Aeroflot CEO Vitaly Saveliev said the carrier expects 20% to 21% growth in the Russian market, but noted it is possible that some Russian carriers will go bankrupt due to the low margin and low yield nature of the aviation business (Rossiya-24/TASS/, 29-Dec-2017). He noted there are around 100 carriers with air operator's certificates in Russia, of which around 40 account for 99% of passenger traffic.