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Trend long-haul low-cost airlines – also a success model in Russia?

As in previous year, Lufthansa Consulting recently took part in the annual Aircraft Finance and Lease Russia & CIS 2018 conference in Moscow. Askhat Torshin, the company’s Permanent Representative in Russia, attended the largest event for aviation finance topics in the Russian and CIS market and contributed the speech “Long-haul LCCs: what has changed from Laker Airways times?”.

Long-haul low-cost carriers are not a new occurrence, the trend has been growing over the last years, with newcomers and major airlines establishing their own subsidiaries in the Asian, European, American and Australian market. There is no long-haul LCC in the Russian market yet. Isn’t this the right time to introduce a Russian long-haul low-cost airline? What ideal characteristics should be taken into consideration for a successful strategy? The Lufthansa Consulting expert takes a deeper look into these questions by analyzing the development of long-haul LCCs based on the beginnings of Laker Airways, the pioneer of this business model.

You can find the whole presentation in our download section.

Aircraft Finance and Lease Russia & CIS is dedicated entirely to covering the issues of aviation finance, aircraft and engine lease and fleet modernization in the region. The agenda for 2018 concentrated on issues such as reshaping the international transport market, macroeconomic forecast in Russia and CIS, taxes in international aircraft leasing within the beneficial ownership concept, and many more related topics.

Award

Best of Consulting

Lufthansa Consulting has been awarded the coveted consultancy prize "Best of Consulting 2018" by the German weekly business news magazine WirtschaftsWoche. The aviation consultants took part in this competition for the first time and achieved their goal straight away with first place in the category “Competitive Strategy”. The award went to a project which was successfully completed with Czech Airlines (CSA), the national airline of the Czech Republic. Lufthansa Consulting and CSA jointly developed an ancillary revenue strategy and a branded fares concept. The implementation of the overall project resulted in a significant increase in ancillary revenues and thus in a positive operating profit for Czech Airlines.