Privately held Avcom and state-owned Russian Technologies (Rostec) have teamed up on a new FBO project in Moscow area. Avcom president Eugeny Bakhtin, who previously established FBOs at Moscow’s Sheremetievo and Domodedovo airports, announced the $60- to $80-million project at Business Aviation Forum 2014, held in Moscow the day before the opening of JetExpo 2014.
Philosophy of language
Business aviation continues to grow in Russia but it is no longer expanding at the rates observed few years ago, according to Eugeny Bakhtin, vice president of the Russian United Business Aviation Association (RUBAA).
“We used to have annual increases of 40 to 50 percent,” he said. “Today our development continues at the rate of 10 to 12 percent year on year. [However], despite the notable slowdown in the rates, we still enjoy a steady increase.” He explained that the slowdown is due to the growing maturity of the local market.
Business aviation continues to grow in Russia, when measured by the number of aircraft and flights. However, it is no longer growing at the rates observed few years ago, according to Eugeny Bakhtin, vice president of Russia’s United Business Aviation Association (RUBAA).
Avcom, Russia’s oldest dedicated business aviation company, has started establishing badly needed maintenance infrastructure in the Siberian cities of Irkutsk, Omsk and Khabarovsk. The group also has just secured approval from Kazhakstan officials to work on business aircraft registered in the country and now plans to open a technical base there as well.