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Share Name Share Symbol Market Type
Airbus SE EU:AIR Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.06 -1.76% 115.06 115.04 115.08 116.98 114.30 116.64 745,234 15:32:35

Russia Wants to End Reliance on Boeing, Airbus, Make Its Own Planes, Reuters Reports

28/09/2022 11:24am

Dow Jones News


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--Russian state-owned company Rostec will aim to build 1,000 planes by 2030 using locally built parts, ending Russia's reliance on western companies, Reuters reports.

--Foreign-made planes account for 95% of passenger traffic, but Russia can't access any spare parts due to sanctions imposed following the outbreak of the war in Ukraine, Reuters reports.

--"Foreign aircraft will drop out of the fleet," Rostec told Reuters. "We believe that this process is irreversible and Boeing and Airbus planes will never be delivered to Russia," it said.

 

Full story: https://reut.rs/3Cg3kjO

 

Write to Cristina Roca at cristina.roca@wsj.com

 

(END) Dow Jones Newswires

September 28, 2022 06:09 ET (10:09 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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