Russia: new targeting system to double range of Pantsir air defense system

The upgraded Pantsir-SM combined surface-to-air missile and anti-aircraft artillery weapon system, equipped with a multifunctional targeting system, will be able to destroy targets 40 kilometers away – twice the range of the current configuration, the first deputy CEO, chief designer of the Instrument Design Bureau KBP in Tula (an affiliate of Rostec) Alexander Khomyakov reported.…

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Azerbaijan: Mahan Air to launch flights to Baku

Iranian Mahan Air airline will launch regular flights on Tehran-Baku-Tehran route from October 31, press service of Heydar Aliyev International Airport reported. Azerbaijan State Civil Aviation Administration issued the relevant permission after receiving a request from the airline to perform flights three times a week. Flights are scheduled three times a week on Tuesdays, Wednesdays…

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Russia: Fitch Ratings affirms the credit rating of Domodedovo Airport at ‘BB+’

On September 28, the credit rating of Moscow Domodedovo Airport was affirmed at the same level, which evidences sustainability of the airport’s business model in challenging market conditions. According to Fitch Ratings’ evaluation, the external environment and associated changes have a certain impact on the company, however the removal of a set of limitations will…

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Azerbaijan: export support mechanisms touch only non-oil sector

Mechanisms to support the export of Azerbaijani products will apply only to goods produced in the non-oil sector, head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) Rufat Mammadov reported. However, the entrepreneurs, who can benefit from these mechanisms, will face no restrictions. “Export process is quite difficult. First of all, entrepreneurs should have…

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