LONDON/MOSCOW : Central Asian airlines are seizing opportunities from Russia's closed airspace, with airline traffic into the region booming in the year since Russia's invasion of Ukraine, executives and analysts said.
Kazakhstan's Aviation Administration says passengers are up 16.5 per cent year-on-year, while Kazakhstan's Air Astana announced 2022 as its best year ever with after-tax profit at $78.4 million. "The Russian airlines themselves are severely constrained in what they can do because of equipment shortages, they can't maintain the aircraft to sufficient standards," said James Halstead, an aviation analyst and managing partner at Aviation Strategy.
"The growth is not as significant as it could have been because COVID restrictions in China were in force during 2022. It will grow since the restrictions are lifted," one Russian airlines industry source said. According to the Association of Tour Operators of Russia , Russian citizens have made more than 23 million trips abroad to 142 countries in the past year.
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