Support The Moscow Times!
Contribute today

Airbus Shuts Down Venture

By The Moscow Times

Airbus said it will suspend a joint venture with Russia's United Aircraft Corporation converting narrow-body jetliners into cargo planes as demand has dropped and used jets are being bought for passenger use.

More demand for new and secondhand A320 and A321 single-aisle passenger jetliners and less for freighter versions led to the decision, Airbus said Friday.

Airbus, Irkut and UAC have been partners in the conversion venture for four years, Airbus said. Irkut and Airbus will continue making components for the single-aisle jet program, according to the statement.

(Bloomberg)

Read more

In depth

Russians Pay Final Tribute to Prigozhin 40 Days After Mercenary Chief's Death

According to Orthodox Christian tradition, the souls of the deceased remain on Earth for 40 days before finding their eternal resting place.
4 Min read
vulnerable targets

Russian Regions Hit by Ukrainian Drones and Shelling

The strikes wounded three people and forced an airport to divert flights, officials said.
1 Min read
mass exodus

Nagorno-Karabakh Empties as Armenia Says 100,000 Have Fled

In the border town of Goris, hundreds of exhausted refugees waited in the central square for the government to provide accommodation.
3 Min read
In depth

As Putin’s Re-Election Looms, Kremlin Pushes to Indoctrinate a New Generation of Voters

In a sweeping campaign, officials aim to convince young Russians that their country's elections are free and fair and Putin's regime is legitimate.
4 Min read