Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
2-min read

Russia Squares up to Boeing, Airbus With Maiden Jet Flight

Russia completed the maiden flight of its new MS-21 medium-range passenger plane on Sunday, its first post-Soviet foray into production of a mainline commercial aircraft which it hopes will rival those of its Western competitors.

Reuters

Updated:May 28, 2017, 11:52 PM IST
facebookTwitterskypewhatsapp
In-flight Internet, Satellite Communication, Investment
In-flight Internet may be a reality soon. (Photo courtesy of PR Department of Irkut Corporation/Handout via Reuters)
Loading...

Moscow: Russia completed the maiden flight of its new MS-21 medium-range passenger plane on Sunday, its first post-Soviet foray into production of a mainline commercial aircraft which it hopes will rival those of its Western competitors.

In a surprise statement, manufacturer Irkut Corporation and its state-controlled parent company United Aircraft Corporation (UAC) said an MS-21-300 model had successfully completed a 30-minute flight at a height of 1,000 metres and travelling at 300 km an hour.

Squeezed by Western sanctions over its role in the Ukraine crisis, Russia is trying to rejuvenate domestic industrial production to make the country less dependant on foreign firms.

The test flight, which was not announced to media beforehand, comes just three weeks after China staged the maiden flight of its new C919 passenger jet, highlighting the growing competition to industry heavyweights Boeing and Airbus.

Russian officials have said the MS-21 is superior to its Western-made counterparts in many respects and will be snapped up by both Russian and foreign carriers, but Western analysts says both Russia and China face a huge challenge to shatter the transatlantic airplane duopoly. [nL8N19052L]

"The flight mission has been completed. The flight was fine, there were no observations which will prevent further testing," test pilot Oleg Kononenko was quoted as saying.

Russia has fought hard to shake its Soviet reputation for old and creaking aircraft flown by inexperienced crews. Flag carrier Aeroflot last year earned its fourth star from independent ratings website Skytrax, ranking it alongside major European and Middle Eastern competitors and ahead of big US carriers such as Delta and United.

President Vladimir Putin called Irkut General Director Oleg Demchenko to congratulate him and his employees with what the Kremlin called "a significant event".

The twin-engine MS-21 will be built in two variants: the later MS-21-300 which will have 160-211 seats, and the later MS-21-200 which will have 130-165 seats. It is sometimes referred to as the MC-21 when using the Russian name and Cyrillic letters.

Production is expected to start in the next two years and state media have said numerous contracts with domestic and foreign carriers have already been agreed. Irkut said it so far had "firm orders" for 175 planes.

America's Boeing and Europe's Airbus remain far ahead of their Chinese and Russian rivals, with bigger sales books and more advanced technical know-how.

But the new plane could win sales in Russia and some eastern European and Asian countries, industry analysts say, with buyers attracted by its lower running costs. Irkut said operational costs for its new plane will be up to 15 percent cheaper than current generation aircraft.

With a range of up to 6,000 kilometres, the MS-21 will be competing against the Boeing 737 and Airbus A320 aircraft which currently dominate the medium-range narrow-body market. Both companies recently upgraded those families to achieve 15 percent operational savings compared to previous versions.

State defence conglomerate Rostec, which is headed by close Putin ally Sergei Chemezov, said it had agreed to purchase 85 aircraft. At least 50 of them will be leased to Aeroflot, Rostec said, which currently operates a fleet dominated by narrow-body Airbus models, including 70 A320s.

UAC President Yury Slyusar said he estimated global demand for the new MS-21 models at around 15,000 aircraft over the next 20 years. "I'm sure the airlines will appreciate our new aircraft," he said.

ALSO READ: With Maiden Passenger Jet Flight, China Enters Dog-fight With Boeing, Airbus

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Bijaya Das
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
HDFC 2,049.30 3.78
Maruti Suzuki 6,591.95 10.39
ICICI Bank 417.50 7.99
HDFC Bank 1,199.60 8.95
Reliance 1,254.35 6.39
Company Price Change %Gain
Astral Poly Tec 1,213.70 5.25
HDFC 2,052.10 3.92
SBI Life Insura 815.85 1.73
Zee Entertain 301.10 -2.49
Maruti Suzuki 6,585.25 10.89
Top Gainers
Company Price Change %Gain
Eicher Motors 17,860.20 13.38
Hero Motocorp 2,862.90 13.06
IndusInd Bank 1,419.60 10.71
UltraTechCement 4,269.65 10.43
Maruti Suzuki 6,591.95 10.39
Company Price Change %Gain
Hero Motocorp 2,866.50 13.19
Maruti Suzuki 6,585.25 10.89
IndusInd Bank 1,419.60 10.74
Bajaj Finance 3,705.60 10.19
SBI 301.70 10.09
Top Losers
Company Price Change %Gain
Power Grid Corp 196.20 -2.46
Zee Entertain 301.40 -2.41
Infosys 805.00 -1.91
TCS 2,065.45 -1.74
NTPC 119.85 -1.52
Company Price Change %Gain
Power Grid Corp 196.35 -2.39
Infosys 805.10 -1.94
TCS 2,065.60 -1.74
NTPC 119.90 -1.52

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results