S7 to limit fleet to 767s and A320 family

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Russian carrier S7 Airlines is set to adopt a two-type fleet model in a bid to cut operating costs.

In its report for the second quarter of 2009, the management says S7 will only operate Airbus A319/320 and Boeing 767 jets starting from next year.

The airline currently has six Airbus A310s but these will be phased out in favour of more efficient and cost-effective 767s, according to the report.

S7 does not specify the number of aircraft to be acquired and their delivery schedule but indicates that taking them is in line with its fleet-renewal strategy.

The carrier cancelled an order for Boeing 787 aircraft earlier this year.

In the first half of 2009 the carrier posted net profit of Rb138.4 million ($4.3 million), down 13% compared with the previous year.

Revenue fell 15% to Rb15.4 billion, reflecting higher maintenance costs, airport charges and borrowing expenses as well as the effects of rouble devaluation.