Business Watch
Aerospace (19)
Russia's United Aircraft Corporation (UAC) intends to sell its 38% stake in aircraft leasing company Ilyushin Finance, a representative of the corporation told reporters today on the sidelines of the International Air Transport Forum in the city of Ulyanovsk. UAC is in talks with Vnesheconombank on this issue.
Russia's next generation Glonass-K2 navigation satellite will be launched in 2013, Russia's Federal Space Agency, Roscosmos, said on Tuesday.
"We have decided to modernize the Glonass signal system. We will introduce new signals with a code separation," Sergei Revnivykh, Deputy Director of Roscosmos's Central Research Institute of Machine Building, told a conference in Moscow.
Sukhoi scores sales success as aviation rebounds from crisis
Aviation has rebounded from the economic crisis and the proof is in the US$ 47bn of orders signed at last week's biannual Farnborough International Airshow. While the 2008 Farnborough air show held before the start of the global economic recession saw a total of $89 billion worth of deals signed, aviation and aerospace executives were pleased with the resounding rebound.
India will add two more Russian AWACS to its Air Force
India will purchase two additional Russian-made airborne warning and control system (AWACS) aircraft, the Times of India newspaper said on Monday. India ordered three A-50EI variants fitted with Israeli-made Phalcon radar systems in 2004. The first aircraft was scheduled to arrive in 2007-08, but was subject to delays. India received the first plane in May 2009 and the second in March 2010. It is expected that the third aircraft will be delivered by the end of the year.
Britain and Russia to cooperate on space exploration
Britain and Russia’s space industries signed an historic agreement on Wednesday for a new era of cooperation between the countries.The memorandum of understanding signed at the Farnborough International Airshow, enables British space companies to capitalize on an expected boom in Russian launches to orbit, following the imminent retirement of the U.S. space shuttle fleet.
Russia to build new spaceport
The Russian government will set aside 25 billion rubles (US$ 820 million) for the construction of a new spaceport in the country’s far east, prime minister Vladimir Putin announced on Monday. The Wostotschnyj (‘Eastern’) cosmodrome in the Amur region close to the Chinese border is to fully replace the Baikonur launch site in the former Soviet republic of Kazakhstan.
Sukhoi succeeds at Farnborough
The Russian Sukhoi Superjet 100 has exceeded expectations with sales in the first three days of the Farnborough International Airshow, near London. While Monday’s US$ 951 million contract with Indonesian domestic carrier Kartika Airlines had been widely expected, but never-the-less was hailed as a breakthrough order for 30 aircraft and other orders have followed. Kartika will receive the aircraft between 2012 to 2015.