The Russian government has announced the criteria for purchasing private shares of state-owned oil company Rosneft. The government is selling 19.5% of Rosneft’s total shares, and hopes to make at least 700 billion rubles ($11 billion). This is part of Russia’s largest privatization scheme since the 1990s, with the Russian government reluctantly selling assets during…
Sukhoi Civil Aircraft (SCAC) held a roll-out ceremony of two Sukhoi Business Jet (SBJ) aircraft built for Royal Thai Air Force (RTAF). The aircraft will be providing VIP transportation services for Thai top officials and government leaders as well as to the High Command of Thailand. The two SBJs are the company’s first business jets…
The team of Ford plant in Vsevolozhsk, Leningrad region, will be on the company vacation until August 17, representative of Rabochaya Assotsiatsiya trade-union Igor Temchenko said. “The team will be on vacation until August 17”, Temchenko said. The plant was idle for a week before the company holidays. The Ford plant in Leningrad region has…
Russia’s MiG-31BM and Su-27 fighter jets have been put on alert for tactical flight exercises in the Tver Oblast in the country’s west, the Western Military District said. The fighters’ crews will perform tasks of intercepting aircraft violating the state border, electronic launches against cruise missiles and strategic bombers of the simulated enemy. (Russian Aviation/Business…
Russia and the Eurasian Economic Union (EAEU) will boost their consumption of liquefied natural gas (LNG) to 5 million tons per year by 2035, Russia’s Deputy Energy Minister Kirill Molodtsov said. “Currently the LNG market is the fastest growing and in this respect we expect the consumption of liquefied natural gas to reach around 5…
Russian-made Mi-38 multirole civil helicopters attracted the attention of foreign buyers at Farnborough Airshow in the United Kingdom, the manufacturer said. Farnborough International Airshow runs in Hampshire, England from Monday through Sunday. It is expected to draw thousands of trade visitors. In 2014, it brought $204 billion worth of confirmed orders. “The Mi-38 multirole helicopter…
Russia’s United Aircraft Corp. (UAC) president Yury Slusar said at the Farnborough Airshow that the design center, which was developing new Russian-Chinese widebody aircraft, might be located in Zhukovskiy, Moscow Oblast. The final assembly will be in Shanghai, China. In June UAC and Commercial Aircraft Corp. of China (COMAC) entered into a joint venture agreement…