Pobeda Airlines LLC (Russian: Победа, Budget Carrier, LLC) is a Russian low-cost airline and a wholly owned subsidiary of Aeroflot. It is based in Vnukovo International Airport, with secondary bases in Anapa and Sochi. It operates scheduled services to domestic and international destinations. "Pobeda" is the Russian word for victory.

The company Budget Carrier, LLC was registered on 16 September 2014 with Aeroflot as the only shareholder. It is the second attempt of Aeroflot to form a low-cost carrier, after Dobrolet, which ceased operation in August 2014. Pobeda received an air operator's certificate on 11 November 2014, and commerced its maiden flight on 1 December of the same year, from Moscow-Vnukovo to Volgograd. The carrier surpassed 2 million passengers in September 2015, after nine months of operation.

The airline had hoped to introduce a Moscow to Bratislava service in October 2015, but the Russian Federal Air Transport Agency turned down an application to operate international flights as the airline has to operate internally for at least two years first. Bratislava Airport and Pobeda, however, announced the launch of first international flight to Bratislava, to be commenced on 19 December 2015. Pobeda also market their service from Moscow to Vienna, Austria via a fly-and-ride scheme, with a bus trip from Bratislava to Vienna included as part of the service.

In December 2015, Pobeda cancelled their planned route to Salzburg after only 34 tickets were sold.

The company served the following destinations (as of November 2015):

The Pobeda Airlines fleet included the following aircraft as of March 2017:

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