Aeroflot to Revive Low-Cost Plans Blocked by Ukraine Sanctions

Russian flag carrier OAO Aeroflot said it will revive plans to build a low-cost arm after discount unit Dobrolet was grounded by European Union sanctions tied to the Ukraine crisis just two months after flights began.

Dobrolet, which halted services Aug. 4 as companies were compelled to end provision of services including insurance and leasing, carried 43,400 people in July, the only full month of flying, with 93.3 percent seat occupancy, Aeroflot said today.