Boasting an order book amounting to $4.6 billion, Russia’s Irkut Corporation reported here at Farnborough profits of $165 million on revenues that exceeded $1.3 billion last year. The total is three times more than the net profit it registered in 2006, according to Oleg Demchenko, president of the Irkut Corporation. He also announced that Irkut held a 15 percent share of Russia’s arms exports in 2007.
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.
Russian airframer Irkut wants Rolls-Royce and Pratt & Whitney to bid against each other with Russian partners in the tender to provide a powerplant for the new MS-21 airliner that it expects to launch this summer.
The June 5 signing of a contract for work on Airbus A320 cargo conversion program appears to have restored Russia’s position as a full partner in Europe’s EADS group. The pact could signify repair of relations damaged in 2006 when the German and Russian governments disputed the position of Russian shareholders in EADS.
Russia’s new airframing consortium OAK has won government approval to continue limited production of widebody airliners. This covers assembly of 15 Ilyushin Il-96s in the 2008 to 2012 time frame, allowing the Voronezh Aircraft Production Association (VASO) to maintain annual production rates of three aircraft.
The Yakovlev design bureau plans to build another 12 examples of the Yak-130 advanced trainer, which is on display in the static park here, during the next two years, according to general director Oleg Demchenko, who is also chairman of Irkut Corporation.
This past August saw the seventh run of the Moscow Aviation and Space Exposition (MAKS). For several years each successive show has been bigger and better than the previous one, and this year’s event didn’t deviate from the trend.
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