Dobrolet (Nice Flight), the budget airline of Russia's flagship carrier Aeroflot, will make four flights daily from Moscow to the main Crimean city of Simferopol.
Prime Minister Dmitry Medvedev attended a ceremony at Moscow's Sheremetyevo Airport to mark the airline's maiden flight to Simferopol.
One-way tickets in July were available for around USD 98 dollars on the company's website.
"Our budget carrier Dobrolet is a project of strategic importance not only for Aeroflot group, but for the whole country," Aeroflot chief executive Vitaliy Saveliev said in a statement.
In March, Russia annexed Ukraine's Black Sea peninsula of Crimea claiming it had to protect Russian speakers following a popular uprising in Kiev.
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