Manna from heaven. How to survive in the world of air travel?
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The business of Russian air carriers remains a sealed secret for foreign investors. This hinders the growth of their capitalization, but allows them to absorb small airlines and increase their share of transportation at their expense.
The leaders of the domestic aviation services market are in no hurry to talk about themselves. About 170 airlines provide their service to Russian passengers. Our carriers operate a fleet of morally and technically obsolete aircraft - their "carcasses" and "Silts" have been regularly rising into the sky for several decades. These "voracious" machines, both in terms of fuel consumption and other technological aspects, cannot guarantee a safe flight. Only major airlines have more reliable Boeing and Airbus. As a result, the top ten domestic air transportation leaders serve more than 90% of passengers. Most regional airlines are destined for the unenviable fate of bankrupts. The rest, in order to survive, integrate their business into a larger carrier. But even the market leaders cannot yet boast of serious investments attracted for their development. Insignificant packages of shares of carriers are traded on exchanges, which prevents them from becoming one of the popular "blue chips", increasing capitalization and earning the trust of investors. Only the IPO of airlines can fix the situation. However, none of the carriers has yet announced such plans for the near future.
Flights over the stock exchange
Currently, shares of four Russian air carriers are traded on the stock market: Aeroflot, UTair, Sibir and Krasair. The papers of the first two companies enjoy relative success. The advantage of Aeroflot and UTair arose historically - the companies were the first to enter the market and even issued depositary receipts for circulation abroad (see the reference).
Transactions with shares of Siberia and KrasAir are made only on the over-the-counter market, which automatically puts them in the category of unattractive instruments for private investors. But the shares of Aeroflot and UTair are not in high demand. "Stock market players and portfolio investors do not like air carriers' securities, they believe that it is risky, unclear, opaque," said Oleg Sudakov, an analyst at Ak Bars Finance.
So far, air operators are trying to become attractive in the eyes of stock market participants only by updating their fleet. Aeroflot managed to achieve the best results, which was greatly facilitated by state support. Half of the company's aircraft fleet consists of modern Airbus A320 and Boeing B767 family aircraft. By 2010, the company intends to completely replace obsolete Soviet machines with foreign-made aircraft. In the summer, Aero-Fleet signed contracts with Boeing and Airbus for the supply of 44 aircraft of the B787 and A350 families.
On the heels of Aeroflot comes Siberia (operating under the S7 brand), which has overtaken the state-owned company in terms of transportation volumes in the domestic market. In 2006, the share of Aero-Fleet in the Russian market was 12%, while its competitor carried 14% of passengers. Just like Aeroflot, Sibir aims to upgrade its fleet as soon as possible. Real free porn movies https://exporntoons.net online porn USA, UK, AU, Europe. |
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