Russia’s Rostec state corporation which recently took over United Aircraft Corporation (UAC) plans to invest 55 billion rubles ($834 Million) in the MC-21 airliner project.
The inclusion of UAC into Rostec is expected to increase the revenues of its aviation cluster to 1 trillion rubles ($15 billion) said Director of Rostec’s aviation cluster, Anatoliy Serdyukov.
This will mean that the entire aircraft production chain can be combined into one, which will strengthen production cooperation between aircraft manufacturers and parts suppliers.
Russia’s President, Vladimir Putin, signed a decree on the transfer of a 92.31% stake in UAC to Rostec on October 24. According to the decree, the process of merging the aircraft corporation with Rostec will take 18 months.
“The share of the aviation cluster in the State Corporation’s overall revenue will be approximately 50% — around 1 trillion rubles. This means that the aircraft manufacturing unit will become the most powerful one in the State Corporation, and Rostec will be at the same level with the world’s leading aircraft manufacturers,” Anatoliy Serdyukov was quoted in a Rostec statement.
The total revenue of Rostec’s aviation cluster in 2016 was 534.7 billion rubles; for UAC it was 417 billion rubles. In line with the development strategy of the aviation cluster, it is planned to increase this indicator by an average of 14% per year in ruble terms until 2025. The new structure with a larger turnover will be more attractive to investors.
Rostec’s other priority projects will include the creation of MS-21 medium-range aircraft—it is expected that about 55 billion rubles will be invested in this by 2025.
Sources told defenseworld.net that UAC’s merger into Rostec will enable it to raise funds for the MC-21 project which is sitting on orders for some 50 aircraft from Russian airlinr Aeroflot alone. While the aircraft is in prototype testing stage, it will take 2-3 years more for it reach the serial production stage when huge funds would be required.
The merger would also streamline production faciliities with the plant in Irkut being dedicated to the MC-21 and military aircraft such as Su-30 likely to be moved to some other location.
The European Aviation Safety Agency (EASA) have conducted preliminary examination flights of Russian airliner MC-21-300 and will soon conduct certification tests. The EASA test pilots have performed the following procedures on the simulators and test benches: take-off, approach and landing using both landing systems and visual approaches; handling qualities and controllability characteristics of MC-21-300 aircraft in various control modes within the entire range of admissible operating altitudes, speeds, weights and centres of gravity; actions in case of emergency; and approaching high angles of attack, when the stall warning activates
Peruvian Airlines plans to buy 10 MC-21 medium haul planes for a proposed new airline marking the first international order for Russia's medium-haul jetliner. Russias Sukhoi Civil Aircraft (SCA) and Peruvian Airlines signed an agreement of intent to purchase 10 SSJ-100, 100-seater planes and 10 MC-21 medium haul passenger jets at the Farnborough Air Show on Monday
Rostec has received a firm order to supply 50 medium range MC-21 passenger aircraft to Aeroflot. Under the firm order, Rostec leasing subsidiary Aviacapital-Service will supply Aeroflot with 50 MC-21-300 aircraft on operating leases
Saudi Arabia is eyeing Russia's newest commercial aircraft -- Sukhoi Superjet 100 and MC-21, and is reportedly in talks for the purchase with the Russian officials. In an interview with TASS, Director for International Cooperation and Regional Politics at the Rostec state corporation Viktor Kladov said: "We have an active dialogue with Saudi Arabia on a whole number of areas, they are interested not only in the Russian equipment, but also in technologies
Russian MC-21 airliner program which had been delayed due to American sanctions on acquiring composite technology has moved back on track with a Russia-based AeroKompozite announcing the development of wings and other structures made from composites. The announcement was made by United Aircraft Corporation (UAC) which is the lead agency for developing the passenger plane on its Twitter account Monday
The European Union Aviation Safety Agency (EASA) have completed the first flight session for certifying Russian airliner MC-21, the Russian manufacturer Irkut Corporation said in a press release. During the certification tests, the behavior of MC-21-300 aircraft was evaluated in various modes, including high angles of attack and stalling
Rostec Corporation has commissioned an automated line for the assembly of underwater firearms' cartridge production. The new line is capable of producing more than 10,000 cartridges daily, the company said in a statement Wednesday
A new coating applied to the glass canopy of Russias Su-57 stealth fighter jet and the Tu-160 strategic bomber will cut down the radar cross-section of the aircraft by up to 30%. The glass coating developed by specialists of the Obninsk-based Technologiya R&D Enterprise (part of RT Chemcomposite Group within Rostec) is made of metal oxide layers 70-90 nm thick
Russia has appealed against a US decision to impose sanctions against Aerocomposit, a company tasked with making wings made from lightweight composite material for its MC-21-300 airliner project which is currently undergoing prototype testing. Earlier Kommersant business daily wrote that the deliveries of materials for MC-21s composite wings from the United States and Japan were halted due to the US sanctions against Aerocomposit
Mass production of the Russian MC-21 Airliner will commence sometime in 2019 as the various enterprises of United Aircraft Corporation (UAC) have begun to manufacture parts and units of MC-21-300 aircraft intended for delivery to customer who have placed orders to buy the aircraft. “In 2018 flight and ground certification tests of aircraft prototype confirmed the main design solutions
Israeli Startup Unveils World's First Electric Passenger Airplane
US Military Drone Shot Down By Iran
Sniper rifles, Counter-artillery Radars in $250M US Military Aid to Ukraine
Mitsubishi Signs MoU to Sell 15 SpaceJet M100 Aircraft to North American
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...
Russian state-run Almaz-Antey has released additional data on its latest export-version of Buk-M3 Viking air defense missile system (ADMS)
The MiG-29, one of Russias most exported military jet has been upgraded in India that expands its capabilities from an...
Russian fifth generation fighter aircraft (FGFA) Su-57 will for the first time perform flights during the ARMY 2018 event near...
The American-made Patriot and Russian S-400 Triumf air defense systems are currently hogging international orders despite their price tags running...
The Russian ministry of defense on Thursday published a series of videos showcasing the production, deployment and installation and testing...