Aviation

  • Aviation
    Mar 12, 2024
    Russian Airlines Industry Set for Remarkable Recovery with Projected 283.4% Growth by 2027 Despite Current Geopolitical Challenges

    The Russian airline industry experienced a significant downturn in 2022, with a market value decrease of 56.7% to $10,547 million, attributed to the adverse effects of geopolitical tensions, notably the Ukraine war, and economic challenges. Despite this setback, forecasts remain optimistic, projecting a market value of $40,442.2 million by 2027, marking an impressive 283.4% increase from 2022. This anticipated growth is underpinned by the industry’s recovery efforts and strategic expansions, such as Aeroflot’s launch of new routes, including a service from Moscow to Goa, India, in November 2022.

     

  • Aviation
    Mar 04, 2024
    TSAT Rostec Set to Launch Advanced Domestic 3D Printer for Aircraft Engine Parts in 2024

    TSAT Rostec announced on March 4, 2024, the impending deployment of a cutting-edge domestic 3D printer designed to manufacture heat-resistant components for modern aircraft engines. This development signifies a leap forward in Russia’s aviation technology capabilities, emphasizing the nation’s push towards self-reliance in high-tech production.

  • Aviation
    Feb 26, 2024
    Moscow Training Center UEC to Amplify Workforce Training for Aircraft Engine Production

    The Salyut production complex of the Rostec United Engine Corporation in Moscow is set to double its training intake in 2024, welcoming over 1,000 new college students into its specialized training programs for aircraft engine production. This initiative aims to address the growing demand for skilled workers in the industry, emphasizing the importance of hands-on, practical training to prepare the next generation of engineers and technicians for the challenges of modern engine building.

  • Aviation
    Feb 26, 2024
    UEC-Saturn and RSATU Launch New Intake for Wings of Rostec Program

    The United Engine Corporation’s UEC-Saturn on February 26, 2024, initiated a new application round for the Wings of Rostec, aiming to nurture future aerospace engineers. During an open day at Rybinsk State Technical University, prospective students were briefed on the project’s scope, including a new focus on research engineering alongside design and technology.

  • Aviation
    Feb 19, 2024
    Rostec Begins Serial Production of Domestic Glazing for MS-21 Aircraft

    Rostec’s Obninsk Research and Production Enterprise “Technology” has initiated the serial production of domestically produced cockpit glazing for the MS-21 aircraft. This advancement aims to support over 70 sets annually by 2030, contributing to Russia’s aerospace industry’s self-reliance.

  • Aviation
    Mar 01, 2023
    Russia’s airlines industry

    The Russian airline industry experienced a huge decline of 54.5% in 2020 due to the COVID-19 pandemic, but it saw strong growth of 60.8% in 2021, as lockdown restrictions were eased and the economy recovered. However, with the onset of the Russia-Ukraine conflict and the sanctions imposed on Russia in 2022, the industry is expected to decline. Nevertheless, it is predicted to recover strongly over the forecast period of 2021-2026.

     

    With 227 operational airports registered with the Federal Air Transport Agency, Russia has a significant number of airports due to its status as the world’s largest nation.

     

    The Russian airline industry had total revenues of $24.4 billion in 2021, with a compound annual growth rate (CAGR) of 3.5% between 2016 and 2021.  

     

  • Aviation
    Mar 01, 2023
    Russia’s defense and aviation industry

    In 2021, the Russian aerospace and defense market saw a 4.5% decline in value, but this was a slightly better performance than in 2020. The market is predicted to continue declining due to a deteriorating macroeconomic outlook during the forecast period (2021-2026).

     

    As a response to financial pressures caused by the COVID-19 pandemic, defense spending in Russia was reduced in 2021, resulting in a decrease in the volume and value of new deals signed that year.

     

    The Russian aerospace and defense market had total revenues of $34.9 billion in 2021, with a compound annual growth rate (CAGR) of 6.7% between 2016 and 2021.  

     

  • Aviation
    Dec 28, 2020
    Airlines in Russia

    The Russian aviation industry has experienced solid growth in the last five-year period. 2017 was a decisive year when a growth rate of 37.8 percent was achieved. Due to the COVID-19 pandemic, the industry is anticipated to contract by 49.2 percent in 2020. However, the sector is expected to grow strongly over the next five years.

     

    In recent years, the Russian aviation industry has been driven primarily by the international flights segment, which grew enormously until 2015. The slowdown in 2016 caused a significant drop in the value of the industry, which can be attributed to the depreciation of the ruble and the economic slowdown, which weakened demand for international flights. Another negative factor is the sanctions imposed against Russia.

     

    The Russian aviation industry generated total revenues of USD15.4 billion in 2019, which equates to an average annual growth rate (CAGR) of 9.5 percent between 2015 and 2019.

     

  • Aviation
    Dec 28, 2020
    Sheremetyevo Airport improves services for disabled passengers

    On October 8, 2020, Sheremetyevo International Airport in Russia has deployed a new digital device in a bid to improve services for passengers with hearing and speech impairments.

     

    The video information assistant (VIA) device will provide passengers with information about services at the airport, including special services for persons with disabilities.

     

    Located in the public departure area of Terminal B at the Information Desk, the new VIA is equipped with a touch screen device with an intuitive interface.

     

    When using the new device, passengers will be able to retrieve information by selecting items from the menu, the airport said.

     

  • Aviation
    Jul 18, 2020
    Aeroflot’s key financial highlights

    Aeroflot announced 9M 2019 IFRS financial results.

     

    On November 29, 2019, Aeroflot (“the Aeroflot group”) published its condensed consolidated interim financial statements for the first nine months of 2019, in accordance with International Financial Reporting Standards (IFRS). The results were published in accordance with the new IFRS 16 Leases rules.

     

    Key financial highlights for 9M 2019

     

  • Aviation
    Nov 23, 2019
    Aeroflot customer contact center takes gold

    Aeroflot’s information and booking center claimed one of the highest awards at the European Contact Center & Customer Service Awards.

     

  • Aviation
    Nov 23, 2019
    Be-200 aircraft with SaM-146 engines to be certified in H2 2021

    Re-engined with PowerJet SaM-146 turbofans, Russia’s Beriev Be-200 amphibian is scheduled to make its maiden flight in March 2020, with Russian certification delayed until November 2021.

     

    The latest details have been revealed by Ilya Konyukhov, the UEC-Saturn project’s director, in a presentation at a recent industry event in Moscow. The first of several new engines for the program will be supplied in December 2019.

     

    The SaM-146 engine is a product of PowerJet, a joint venture between Russia’s NPO Saturn (part of United Engine Corporation, UEC) and the French manufacturer Snecma (part of the Safran Group) and is currently deployed on only one platform, the slowly unwinding Superjet 100 (SSJ100) Russian regional jet program. As such, the limited fleet of SSJ100’s is impeding the engine’s timely development towards more economically-viable production rates.

     

  • Aviation
    Nov 23, 2019
    Volga-Dnepr moving closer to “cargo supermarket” concept

    An MoU with Alibaba’s logistics arm, Cainiao, to develop a cross-border shipment network, will cement Volga-Dnepr’s e-commerce business.

     

    Cainiao Smart Logistics Network will form a partnership with the Russian air freight group to develop online commerce: the Volga-Dnepr Group will guarantee access to its network and a 41-aircraft-strong fleet, while Cainiao will make the group a “preferred carrier.”

     

    The two companies will also develop an optimal scheduled route network in Asia, Europe, and Russia, which will include improving processes, such as ground handling and road feeder services.

     

    It is likely that the majority of Cainiao business will feed Volga’s AirBridgeCargo subsidiary and could also find its way onto partner Cargologicair’s network.

     

  • Aviation
    Aug 18, 2018
    MAKS-2017 airshow netted RUB400 worth of contracts

    The total amount of contracts and declarations of intent signed during the international aerospace show MAKS-2017 held at the Zhukovsky International Airport in Moscow stands at RUB400 billion (USD6.773 billion), the Russia’s Ministry of Industry and Trade announced. The annual air show took place in Zhukovsky from July 18 through the 23. Some 880 companies from 36 countries participated in MAKS-2017.

     

    MAKS-2017 marked the airshow’s 25th anniversary, and this year’s event exceeded all previous shows in terms of the number of exhibitors and the international media coverage attracted. The exhibition’s pavilions spanned over 215 thousand square feet.

     

    The most important agreements signed at the show were contracts for the delivery of 20 Sukhoi Superjet airplanes to Aeroflot and for the operational leasing of 16 MС-21 planes to the Red Wings airline. Four of these airliners are to be fitted with Russian-made PD-14 engines.

Aviation