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Ural Airlines orders five Airbus A320
Monday, June 25, 2007
Ural Airlines, a Russian airline, signed a Memorandum of Understanding with Airbus for the purchase of five Airbus A320 aircraft as part of the modernisation of its medium range fleet. Ural Airlines’ A320 will offer a two-class layout and will be operated on its extended network of international destinations. The engine choice remains to be made. Currently Ural Airlines operates two leased A320 on the routes from Ekaterinburg to Moscow, Hurgada, Sharm-El-Sheikh, Munich, Dusseldorf, Prague, Bangkok, Delhi and Tianjin.

“This deal is a very important step in our fleet development”, said Kirill Skuratov, Ural Airlines CEO. “We already have two leased A320 aircraft. This deal will enable us to gradually renew our fleet, which is one of our priorities in the framework of our rebranding programme. A320 offers us significant fuel savings and a high level of reliability, which will enable us to expand out network and reduce the flight cost for passengers”.

“We are delighted that Ural Airlines have chosen again the most successful single aisle aircraft family in the world to expand their fleet. We look forward to a long-term partnership with Ural Airlines,” said John Leahy, Airbus Chief Operating Officer, Customers.
Vicky Karantzavelou - Monday, June 25, 2007
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How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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