Reading Time: < 1 minute Russian-manufactured aircraft—the Irkut MC-21 and Ilyushin IL-114—won new orders on the second day of the MAKS Air Show in Moscow. Russia’s Ilyushin Finance Co. (IFC) signed a letter of intent with Saratov Airlines to lease six MC-21-300s July 19. The 211-seat aircraft is scheduled to be delivered from 2022-2025. The Saratov-based carrier has not yet […]

Reading Time: 5 minutes In 2016, the Russian economy continued crisis, complicated by low energy prices and the continuation of financial and economic sanctions. Key economic indicators (according to the Federal State Statistics Service) in relation to 2015: Gross domestic product – 99.3%, industrial production index – 101.1%, production index by type of activity “Manufacturing” – 100.1%. The production […]