🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Russia's S7 airline announces it is ceasing international flights

Published 03/04/2022, 09:05 AM
Updated 03/04/2022, 09:11 AM
© Reuters. FILE PHOTO: A man takes pictures, with a plane (R) of S7 airlines seen in the background, at Domodedovo airport outside Moscow, Russia, November 6, 2015. REUTERS/Maxim Zmeyev

MOSCOW (Reuters) - S7, Russia's biggest private airline and second largest overall, said on Friday it was ceasing all international flights as of Saturday after the Russian aviation sector was hit by sweeping sanctions on the West.

The European Union, Britain and United States and some other countries have closed their airspace starting next week, one of a package of punitive measures after Russia invaded Ukraine. Russia calls its actions in Ukraine a “special operation.”

S7, which operates about 100 planes, has flights to Turkey and UAE on Friday but will cease all its flights abroad from Saturday, it said.

© Reuters. FILE PHOTO: A man takes pictures, with a plane (R) of S7 airlines seen in the background, at Domodedovo airport outside Moscow, Russia, November 6, 2015. REUTERS/Maxim Zmeyev

The company did not give a reason for the move.

Smartavia, a medium-sized Russian airline, announced that it was ceasing all its international flights from Friday, including flights to Uzbekistan and charter flights to Turkey.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.