Irkut + Yakolev = $3.5 Billion Profits? | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.01.24

Airborne-Unlimited-04.16.24

Airborne-FlightTraining-04.17.24 Airborne-Unlimited-04.11.24

Airborne-Unlimited-04.12.24

Join Us At 0900ET, Friday, 4/10, for the LIVE Morning Brief.
Watch It LIVE at
www.airborne-live.net

Mon, Sep 15, 2003

Irkut + Yakolev = $3.5 Billion Profits?

Could Be Boost To Sagging Russian Civil Aviation Designs

Two of the better-known names in Russian aviation have decided to get together to create new civil aviation aircraft in a venture they hope will bring the combined effort $3.5 billion in annual profits. It's the latest attempt by Russia's anemic civil aviation industry to consolidate, innovate and create new sources of revenue.

Pravda reports Irkut and the Yakolev Design Bureau are putting their corporate heads together and already, Irkut President Aleksey Fyodorov says, "We have conducted over 20 negotiations with spokespeople for both Russian and foreign companies. A lot of those talks can become very good contracts. Our partners evince great interest in the civil aviation, especially in the Be-200 airplane and in the Ya-130 unmanned aircraft, which is our new product."

The partnership allows Irkut to control the entire process of aviation manufacturing from design to fabrication to assembly. Pravda reports the partnership also allows Yakolev to spread its wings, with assured funding for its design projects at all phases of powered flight.

FMI: http://eng.irkut.ru

Advertisement

More News

ANN's Daily Aero-Linx (04.15.24)

Aero Linx: International Flying Farmers IFF is a not-for-profit organization started in 1944 by farmers who were also private pilots. We have members all across the United States a>[...]

Classic Aero-TV: 'No Other Options' -- The Israeli Air Force's Danny Shapira

From 2017 (YouTube Version): Remembrances Of An Israeli Air Force Test Pilot Early in 2016, ANN contributor Maxine Scheer traveled to Israel, where she had the opportunity to sit d>[...]

Aero-News: Quote of the Day (04.15.24)

"We renegotiated what our debt restructuring is on a lot of our debts, mostly with the family. Those debts are going to be converted into equity..." Source: Excerpts from a short v>[...]

Airborne 04.16.24: RV Update, Affordable Flying Expo, Diamond Lil

Also: B-29 Superfortress Reunion, FAA Wants Controllers, Spirit Airlines Pulls Back, Gogo Galileo Van's Aircraft posted a short video recapping the goings-on around their reorganiz>[...]

ANN's Daily Aero-Term (04.16.24): Chart Supplement US

Chart Supplement US A flight information publication designed for use with appropriate IFR or VFR charts which contains data on all airports, seaplane bases, and heliports open to >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC