The Russian government has bailed out the MiG Corporation after it lost more than $300 million last year and reported total debts of $1.25 billion. Twenty-four MiG-29 SMTs that were built for Algeria will be bought instead by the Russian Air Force for $690 million. Another $417 million will be provided through an issue of additional shares, so that MiG can be integrated debt-free into Russia’s United Aircraft Corp. (UAC).
Economy of Russia
AKKO has been in business more than a decade and is based at Moscow Sheremetyevo Airport. The company has performed interior work on more than 150 passenger and business jets, including Aeroflot and the airline’s VIP charter division, Aeroflot-Plus.
Perhaps the most eye-catching camouflages on display here at Farnborough are the digital pattern applied to the single-seat MiG-29AS and tiger stripes on the two-seat MiG-29UBS, both from the Slovak air force. The “S” in the aircraft’s designation denotes that they have undergone a modernization program, conducted in conjunction with the MiG Corporation.
Russia’s United Aircraft Corporation (UAC) president Alexey Fedorov yesterday gave details of his plans here for expanding the company’s civil business from 10 percent to 20 percent in 2015, and then to 50 percent in 2025. The MS-21, a 150- to 210-seater, should prove instrumental.
S7 Airlines announced here yesterday that it has signed a 13-year engine service per hour contract with Snecma Services covering its CFM56-5A engines. The new pact follows another signed two years ago. One of Russia’s largest domestic airlines, S7 Airlines bases its operation in Novosibirsk and has its largest hub at Domodedovo International Airport in Moscow.
While the first prototype of the Sukhoi Superjet 100 continued its initial round of flight testing over Komsomolsk-upon-Amur in Russia’s Far East early last month, back in Moscow launch customer Aeroflot decided to lease 35 Boeing 737-500s to address delivery delays.
Russia’s Sukhoi Civil Aircraft flew the new Superjet 100 for the first time on May 19 from the company’s main assembly site in Komsomolsk-on-Amur. The milestone came some six months after the company had originally hoped to stage the maiden voyage of the 95-seat regional jet, scheduled now for delivery to launch customer Aeroflot next spring.
A day before the opening of last month’s Moscow airshow, Sukhoi, Ilyushin and Boeing signed a series of agreements on the regional jet program proposed in mid-April during Boeing CEO Phil Condit’s visit to Moscow. Dubbed the “Russian Regional Jet” (RRJ), the program is aimed at building a prototype in 2004, certification in 2005 and service entry in 2006 or 2007.
For years, airshow crowds have been wowed by the superlative demonstrations of Russian fighters, but now visitors here at Le Bourget can sample the delights of flying such aircraft themselves. On the Sukhoi stand (Hall 4, Stand G15) a Su-35 flight simulator creates a realistic atmosphere not to be taken lightly by those prone to air sickness.
Appointing a Sukhoi man to the top position at RSK MiG is becoming a tradition. On November 4 the Russian government named Valery Toryanin, deputy general director at Sukhoi, as RSK MiG general director and general designer. Toryanin, 53, is a graduate of the Moscow Aviation Institute and joined Sukhoi after a 20-year military career in various agencies involved with military exports.