Market Analysis

Information Group (part of an investment holding company FINAM) held a conference Aviaotrasl lose height. The participants noted that the Russian air carriers are faced with many challenges that limit their access to necessary for the development of services and increase the cost of transport. However, market leaders have an adequate margin of stability to survive the crisis.

The conference identified a number of key issues facing now before the Russian aviaotraslyu. For example, the general representative of Avia Solutions Group Olga Sokolova drew attention to the maintenance and repair of western technology to which domestic carriers: The market of Russian providers of maintenance is now only beginning to develop. And now the players do not have sufficient resources to meet demand from airlines for severe forms of care (C-check, D-check - a planned major maintenance). A similar situation - with the preparation of engineering and technical staff.

On the situation of the staff also drew the attention of editor of the analytical department of airport Oleg Panteleev : Admission of young people in the core institutions of higher education has grown very slowly. In the medium term, the current system of training will not be able to close the needs of industry, especially in positions of technical staff to service the aircraft of foreign manufacture. However, the crisis helped reduce the urgency of the problems with staff. At the same time, the bankruptcy of several airlines in 2008 has resulted in many professionals were unemployed. There has staff reductions in many companies is also changing the picture of the labor market. This enables carriers to soon close the majority of the vacancies, - noted Mr Mr. Panteleev.

Another negative factor for civilian traffic - the state policy. The lion's share of funds actually spent for support of market participants - JSC Aeroflot. And it undermines the market-based rules, provides the priority of one market participant over the others. He uses them? Subsidized losses on domestic airlines, which receives from its own populist tariff policy and due to its inefficiency. All of this sets the tone for the conduct of other carriers. In the end, the entire industry for many years a loss , - said director general of the airline SkyExpress Marina Bukalova

The big problem for Russian companies remains a high cost of transport. Analyst IC FINAM Konstantin Romanov reports that it is the price of kerosene, the cost of services at airports, staff wages, cost of rent and repair the aircraft. In addition, airlines need to cover the cost of debt financing as well as management costs. At the same time as the head of analytical department of the CC Ingosstrakh-Investments Eugene Shago, the oil companies are very reluctant to lower fuel prices while reducing the price of oil (all of this a few months ago seen as FAS, even going to penalize someone else), airports regularly raise taxes, ultimately fueling /landing /parking at Russian airports are more expensive than in neighboring states, as airlines are forced to include it in the ticket price.

problem exists in the industry the most noticeable impact on business loukosterov. For example, Ms. Bukalova explained: The exploitation of the foreign fleet in Russia was much more difficult and expensive, unlike in the West and the start of the expectations of our shareholders first - Foreigners. That this is a contradiction: trying to sell cheap as they are, but pay for the aircraft, spare parts, etc. - much more than they are. And because there are no miracles, unfortunately, all this sooner or later lead to problems maintaining the airworthiness of the fleet.

Branches give tough times - I am sure Mr. Shago. - On the one hand, the decrease in passenger traffic as a consequence of the reduction in income, on the other side - the price of oil has almost played drop, consequently, kerosene is price. So profit, and, respectively, and growth stocks in the sector will have to wait long. However, the leading five, in one form or another, will continue. It was she, in recent years had the opportunity to update the park and is very cost-effective to passazhirokilometr.

Department of Public Relations and Media Investment Holdings FINAM.
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