According to Reuters, “Russia may restrict or ban European airlines from flying over Siberia on busy Asian routes, a newspaper reported on Tuesday, following Western sanctions which have grounded one Russian carrier (Dobrolet) and a billionaire’s private jet.
The Russian business daily Vedomosti quoted unnamed sources as saying the foreign and transport ministries were discussing possible action which might force EU airlines into long and costly detours and put them at a disadvantage to Asian rivals.”
Aeroflot Russian Airlines (Moscow) receives around $300 million in revenue every year due to overflight fees by European Union carriers.
If this happens, will there be further retaliation against Aeroflot and other Russian carriers? Can Russia afford the loss of revenue?
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Read the analysis from Bloomberg Businessweek: CLICK HERE
Top Copyright Photo: Jay Selman/AirlinersGallery.com. Can Aeroflot afford this loss of revenue and possible further restrictions in Europe? Boeing 777-3M0 ER VP-BGF (msn 41686) arrives in New York (JFK).
Bottom Copyright Photo: TMK Photography/AirlinersGallery.com. If Siberian overflights are banned by Russia, one of the potentially most impacted European carriers could be Finnair which has expanded its route network to Asia through its modern and efficient Helsinki hub. For Finnair, avoiding Russian airspace could be a major and expensive challenge.