Aeroflot Moving On Plan To Start Budget Airline

The Russian airline Aeroflot reportedly is taking serious steps to try to launch the country’s first sustainable budget carrier.

Aeroflot announced plans to create a low-cost subsidiary after a board meeting in late July.

But setting up the budget airline is still dependent on changes to Russia's aviation regulations.

The name of the proposed subsidiary has not been announced.

ALSO READ: Aeroflot Teams Up WIth Manchester United

But the newspaper "Vedomosti" reports that Aeroflot wants it to eventually serve international destinations -- including Kyiv, Yerevan, Istanbul, and Barcelona – and to maintain a fleet of 40 aircraft.

The budget subsidiary would likely be based at Domodedovo Airport in the south of Moscow rather than Aeroflot's main hub at Sheremetyevo Airport.

Aeroflot currently controls about 40 percent of Russia’s civil aviation market.

Based on reporting by AFP, "Vedomosti," "The Guardian," and "The Wall Street Journal"