There are now four Gulfstream G650 jets owned by Russian billionaires, but one of these is currently grounded as a result of U.S. economic sanctions against Russia. The aircraft in question is owned by oil and gas entrepreneur Gennady Timchenko, who was blacklisted earlier this year by U.S. government sanctions due to his close associations with Russian President Vladimir Putin.
Russian Prime Minister Dmitry Medvedev has instructed the country’s transport officials to draw up plans to block the use of Russian airspace by European Union (EU) airlines for flights to and from Asia.
Rosoboronexport, Russia’s defense export agency, continues to benefit from backing by President Vladimir Putin. Speaking at a late April meeting of the Commission for Military Technical Cooperation with Foreign Countries, Putin claimed that Russia is second only to the U.S. in terms of volume of military shipments, with a 27-percent market share.
The Russian defense ministry awarded United Aircraft Corporation (UAC) a launch order for 39 Il-476 heavy airlifters, also referred to as the Il-76MD-90A. The move is partially designed to convey program assurance to potential customers in China and India. These countries already operate “classic” Il-76s. The new version can transport a 114,500-pound payload over a range of 2,700 nm.
The Russian government intends to combine Sheremetyevo and Vnukovo airports into a single state-owned entity to renovate them and eventually sell them to private operators, according to plans laid out by Prime Minister Vladimir Putin. The Russian government owns 100 percent of Sheremetyevo and 75 percent of Vnukovo, with the remaining quarter (worth approximately $1.5 billion, according to reports) owned by the city of Moscow.
Eclipse Aviation announced on September 23 that the Russian state bank Vnesheconombank (VEB) supervisory board, chaired by Russian prime minister Vladimir Putin, has approved the construction of a factory in Ulyanovsk, Russia, to assemble Eclipse 500s for the European and Russian markets.
Five months ago, on February 20, the long-awaited creation of Russia’s new Unified Aircraft Co. (OAK, in its Russian acronym) became official when President Vladimir Putin signed a decree ordering the immediate amalgamation of all Russian aircraft building enterprises into one large group.
A trade accord between Brazilian president Luis Inacio Lula da Silva and Russian president Vladimir Putin reached during Lula’s October visit to Moscow called for, among many other things, an appraisal of a possible co-production deal involving Embraer and Russia’s Aviakor.