ADVERTISEMENT

Russia: Contracts signed at MAKS-2007 air show outside Moscow top $3 bln

History

The value of contracts signed at the MAKS-2007 international air show outside Moscow has exceeded $3 billion, the organizers said Sunday, citing preliminary results.

MAKS-2007 is an aviation exhibition held every two years in the town of Zhukovsky, which hosts a military airbase. The air show, which opened August 21 and is coming to a close August 26, has gathered over 540 Russian companies and 247 foreign firms from 39 countries this year, the organizers said. The MAKS-2007 air show has attracted more than 600,000 visitors who have been able to see over 260 aircraft, most of them made domestically, and watch 35 types of planes to perform about 200 demonstration flights, the organizers said.

Russia’s state-owned United Aircraft Corporation (UAC), which incorporates commercial and military aircraft makers, such as Sukhoi, Ilyushin, and Tupolev, as well as companies involved in distribution, including Aviaexport, signed contracts worth $1.5 billion at the MAKS-2007 air show, said Boris Alyoshin, the head of the Federal Agency for Industry. Military-related contracts signed at the MAKS-2007 totaled $400 million, said Dmitry Shulepov, general director of Aviasalon company, which had organized the show. (rian.ru)

 

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.