🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Russia flies first new post-Soviet passenger airliner with domestic engines

Published 2020-12-15, 09:33 a/m
© Reuters. An MS-21-310 passenger plane with Russian-developed PD-14 engines ascends during a test flight in Irkutsk
BA
-

By Gleb Stolyarov

MOSCOW (Reuters) - Russia flew a new passenger airliner with domestically-built engines for the first time since the Soviet era on Tuesday, the start of what it hopes will be a revival of a civil aviation industry to challenge Boeing (NYSE:BA) and Airbus.

The medium-range MC-21 plane took off from a Siberian airfield powered by Russian-built PD-14 turbo-fan engines. The plane first flew in May, 2017, but with U.S.-made engines.

The MC-21 is built by Irkut Corporation, part of United Aircraft Corporation (UAC), and the engines are built by United Engine Corporation, all of which are majority owned by Rostec, Russia's state aerospace and defence conglomerate.

UAC said the plane carried out a range of flight tests in a maiden voyage that lasted one hour and 25 minutes.

The Soviet Union was a major builder of passenger airliners used widely at home and in allied countries. But after the fall of communism, airlines largely retired their fleets of Tupolevs and Ilyushins for Boeings and Airbuses.

The Kremlin has been pushing to make Russia less reliant on Western imports, particularly since 2014, when the United States and EU imposed some financial sanctions in response to Russian military intervention in Ukraine.

Moscow had planned to begin delivering the MC-21 to buyers in 2019, but that date was pushed back, with Rostec saying U.S. sanctions had forced manufacturers to replace composite materials in the wings with Russian-made equivalents. The first deliveries are now expected at the end of next year.

Two modifications of the plane, which can seat 130 to 211 passengers, will be made available for order - one with U.S. Pratt & Whitney PW1400G-JM engines and the other with the PD-14 engines, UAC said.

© Reuters. An MS-21-310 passenger plane with Russian-developed PD-14 engines ascends during a test flight in Irkutsk

Orders have been placed for 175 of the aircraft, with state carrier Aeroflot accounting for 50, UAC said. It did not say how many would include the Russian-built engines.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.