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Avianova, Death Of A Russian Low-Cost Airline

With fares as low as 250 rubles, Avianova made a splash when it entered the competitive Russian market two years ago. But plagued from the start by delays and cancellations, the low-cost carrier will be grounding its fleet for good on October 9.

Avianova, Death Of A Russian Low-Cost Airline

Worldcrunch NEWSBITES*

MOSCOW - Avianova, a Russian low-cost airline that began operations in 2009 and has been teetering on the brink of bankruptcy has announced that it will discontinue all flights as of October 9. The company, which was the second low-cost airline to enter the Russian market in 2009, was a joint venture between a Russian investment company, A1, which controls 51% of the stock, and an American company, Indigo Partners, with 49%.

Avianova threatened to stop all service on Monday night due to high debts owed to its service partners, but agreed to extend service for a week after negotiations with Russian aviation authorities. According to the majority stockholder, extending service for an additional week will cost two million dollars, and compensation for those who had booked tickets for flights after October 9, around 63,000 tickets, will cost an additional five million dollars.

Passengers were advised to turn in their tickets for flights after October 9, through the company's website. At the ticket counters at Avianova's two hubs, Moscow Sheremetyevo and Krasnodar, there was no further information available. On Monday, however, the company's planes arrived at Sheremetyevo with an average delay of 3 to 4 hours, and one morning flight was cancelled. In fact, flight delays are one of the issues that have plagued the company from the beginning.

An independent consultant, Boris Ribak, noted that Avianova was a risky venture from the start, and particularly questioned their choice of Andrew Pain to lead the company, since he had already led a low-cost airline, Air Macau, backed by the same two investors, that wound up going bankrupt as well.

Read the full article by Yekaterina Sobol in Russian

*Newsbites are digest items, not direct translations

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Murdoch Resignation Adds To Biden's Good Luck With The Media — A Repeat Of FDR?

Robert Murdoch's resignation from Fox News Corp. so soon before the next U.S. presidential elections begs the question of how directly media coverage has impacted Joe Biden as a figure, and what this new shift in power will mean for the current President.

Close up photograph of a opy of The Independent features Rupert Murdoch striking a pensive countenance as his 'News of the World' tabloid newspaper announced its last edition will run

July 7, 2011 - London, England: A copy of The Independent features Rupert Murdoch striking a pensive countenance as his 'News of the World' tabloid newspaper announced its last edition will run July 11, 2011 amid a torrid scandal involving phone hacking.

Mark Makela/ZUMA
Michael J. Socolow

Joe Biden was inaugurated as the 46th president of the United States of America on Jan. 20, 2021.

Imagine if someone could go back in time and inform him and his communications team that a few pivotal changes in the media would occur during his first three years in office.

There’s the latest news that Rubert Murdoch, 92, stepped down as the chairperson of Fox Corp. and News Corp. on Sept. 21, 2023. Since the 1980s, Murdoch, who will be replaced by his son Lachlan, has been the most powerful right-wing media executivein the U.S.

While it’s not clear whether Fox will be any tamer under Lachlan, Murdoch’s departure is likely good news for Biden, who reportedly despises the media baron.

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