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Russian carrier Aeroflot wants new planes

Planned 3 billion dollars investment to address international sanctions

The board of Russia's State-owned flag carrier Aeroflot has approved the issuance of 5.42 billion new shares, through which it plans to raise up to 3 billion dollars, according to the Russian company. The decision was made at an annual meeting held in recent hours.

Thanks to the fundraising, the airline plans to order 300 aircraft produced by the local United Aircraft Corporation. These are likely to include: medium-range aircraft of the Irkut MC-21 type with a capacity of more than 200 passengers (it is expected to enter service this year), as well as Sukhoi Superjet 100 that can carry just under 100 passengers, and finally the Tupolev Tu-214 that accommodates about 200 travelers. 

This is what the Russian business daily "Vedemosti" reports. The board's decision is an emergency option useful in dealing with two issues: economic sanctions imposed by Western countries preventing supplies from Airbus and Boeing, which made up 177 of the 187 aircraft in the total fleet; and bans on overflying the airspace of dozens of States, including the European Union, the US, Britain and Canada. 

On the same topic see also the article published by AVIONEWS.

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AVIONEWS - World Aeronautical Press Agency