Aeroflot, Russia's biggest air carrier, is pinning hopes on a new low-cost airline it's planning to set up in a move to draw more customers from trains to planes, says Kommersant.

      With the fare around 20-40 percent cheaper, the new carrier will be forced to operate on a tighter budget, including slashing lunchboxes and ticket refund off its menu.

      These moves, however, will require a change in currnt legislation, says Aeroflot.