Russia deploys sovereign wealth fund to help airlines

Russian Azur Air will return to Sri Lanka in mid-4Q22

05.10.2022 – 01:22 UTC

Azur Air (ZF, Krasnoyarsk Yemelyanovo) will restart charter services to Colombo Int’l in November 2022, Civil Aviation Authority Chairman Upul Dharmadasa confirmed to the Daily FT.

Anex Tour, the carrier’s parent company, is currently selling vacation packages to Sri Lanka with departures from Moscow, St. Petersburg, Krasnoyarsk Yemelyanovo and Yekaterinburg, starting November 3.

Russian airlines have not flown to Sri Lanka since early June, when an A330-300 operated by Aeroflot (SU, Moscow Sheremetyevo) was briefly detained due to a dispute with lessor AerCap’s special purpose vehicle, Celestial Aviation Trading Limited. Even though the court quickly released the plane and the Sri Lankan government guaranteed that no further seizures would be made in the country, Russian airlines have been reluctant to return to the island.

Dharmadasa confirmed talks with Aeroflot are ongoing.

Sri Lanka is currently in the grip of a serious currency crisis. The island’s economy relies heavily on tourism, with Russian visitors contributing a substantial share of the sector’s revenue. Meanwhile, Russian tourists…

Russia loses bid for re-election to ICAO Governing Council

04.10.2022 – 05:04 UTC

Russia will lose its position on the board of directors of the International Civil Aviation Organization (ICAO), a United Nations agency that promotes diplomacy and cooperation in the aviation industry among its 193 member countries, after failing to obtain enough votes to be re-elected at the agency’s 41st Assembly, which is currently taking place in Montreal.

Russia’s Federal Air Transport Agency (Rosaviatsiya) said the country had won 80 votes from member countries when it needed 86 to stay on the council. Seats on the 36-member Board of Directors are reserved for “States of Critical Air Transport Importance”. Since invading Ukraine, Russia has been accused of violating the provisions of the 1944 Chicago Convention on International Civil Aviation, including dual-registered aircraft.

“We cannot allow a member, so clearly violating the Chicago Convention, to sit on the very board that should be acting as a gatekeeper. This is not about politics. This is about the fundamentals of this organisation,” said EU Transport Commissioner Adina Valean. before Saturday’s vote.

Unlike Russia, Australia was comfortably re-elected to the board with…


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