According to a press release from the company, it is also planning to enter into contracts on rendering air services along the Northern Sea Route, and engage in cooperation with oil and gas companies in the region.
It is likely that the company is seeking engagement in the Shtokman gas project in the Barents Sea
The airline company will offer both aircraft and helicopter services. UTair operates the largest helicopter fleet in the world totaling 200 rotary wing aircrafts.
With its new subsidiary, UTair might also become a serious competitor to Aeroflot Nord, a company which currently is experiencing serious economic hardships.
According to Barentsnova.com, UTair will also offer flight for the tourism industry in the region.