News from UTair

UTair Group has continued to show significant growth in key indicators over the past 9 months. In the period between January and September 2012, UTair Group transported a combined total of 6,554,283 passengers, an increase of 33.5% in comparison with the same period in 2011.

Passenger turnover for reporting period constituted 12,253,247PKM, an increase of 36.1%over same period in 2011. According to Russian aviation industry statistics gathered by the Transport Clearing House, the Russian industry average for growth in this indicator stands at 16.4%.

In total, UTair Group fixed wing aircraft logged a record 224,757 flight hours for the reporting period, 19.8% more than for the same period last year. UTair Group aircraft delivered 20,117.9 tons of cargo, 55.1% more than for the same period in 2011. UTair Group helicopters logged a total of 126,125 flight hours, 21.7% more than for the same reporting period last year.

Key KPI for UTair Group helicopter operations for the first 9 months of 2012 have surpassed results for the same period last year. UTair Group helicopter transport operations logged a total of 126,125 flight hours in the first 9 months of 2012, 21.7% more than for the same reporting period last year. In the same period UTair Group helicopters transported 600,171 passengers and delivered 120,174.3 tons of cargo.

Growth of performance indicators has come with fleet modernization and expansion of the company’s service operations portfolio. During the reporting period, UTair helicopters performed a wide range of operations, including the transportation of bulk cargo, VIP passenger transport on specially-equipped rotorcraft, and fire fighting operations in Russia and abroad.

In the summer of 2012 UTair attracted financing for the acquisition and delivery of 19 new Eurocopter AS 350/355 helicopters from leading British bank HSBC with insurance guarantees from the French insurance agency COFACE. The airline has already launched operations with five such helicopters. UTair expects to start operations on four more AS 350/355s by the end of 2012, with the remaining 10 rotorcraft to be delivered in 2013.

UTair Aviation is the first Russian airline to attract insurance coverage from an international export.

About UTair
The UTair Group includes airlines conducting passenger and cargo operations with fixed wing and rotary wing aircraft as well as enterprises offering MRO, personnel training, flight services and air transportation sales services. UTair Aviation is the Group's core enterprise and includes Utair-Express, UTair-Ukraine, UTair-Cargo, Turukhan, JSC Nefteyuganskiy, Vostok, Helisur, UTair Europe, UTair South Africa and UTair India as well as UTair-Technichs, UTair-Engineering and other enterprises.

The fleet of the Group includes more than 550 aircraft - more than 200 fixed-wing planes and more than 350 helicopters. UTair Group revenue for 2011 amounted to 54,126 mln rubles, an estimated 27.6% increase in revenue over 2010. Net profit for 2011 grew 21.2% over 2010 to 261.2 mln rubles. UTair Group headquarters are situated in Surgut, Russia. Subsidiaries are located in Sugut, Tyumen, Khanty-Mansyisk, Moscow and in other cities in Russia and around the world.

Posted on Tuesday, October 16, 2012 (Archive on Monday, January 1, 0001)
Posted by NStaff  Contributed by