S7 Group to establish LCC in Russia launching in 2022

    S7 Group announced (28-Jul-2021) plans to establish an LCC, with the aim to launch services in Jul-2022. The start up LCC will focus primarily on operating “direct interregional routes, mainly in central Russia“. S7 Airlines chair Tatiana Fileva stated: “We see great potential in the interregional transportation segment, which we cannot cover within the current S7 Airlines business model”, adding “in our market, low cost transportation is still concentrated mainly in Moscow and St Petersburg“. The start-up LCC will operate a fleet of A320neo aircraft. S7 Group has signed a preliminary agreement to acquire four A320neos for the LCC and expects the start-up to add six to eight additional A320neos to its fleet each year during its first three years of operation, expanding its fleet to more than 20 A320neos by 2024. The LCC is expected to transport approximately one million passengers during its first year of operations, expanding to six to seven million passengers p/a from 2024. [more – original PR – Russian]

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