Sections

ideals
Business Essentials for Professionals



Companies
29/07/2018

Maker Of The World’s Biggest Plane Is To Be Bailed Out By Boeing




Maker Of The World’s Biggest Plane Is To Be Bailed Out By Boeing
Ukrainian plane maker Antonov will be rescued by Boeing as announced by the company. The Ukrainian plane company is known to manufacture the largest air planes in the world. 
 
The company had earlier significantly depended on import and usage of plane parts form Russia. However, that supply chain was disrupted and in fact collapsed following the annexation of Crimea in 2014 by Russia.
 
But now Antonov would be helped by Boeing as aircraft parts and equipment is set to be supplied by the European air craft manufacturing giant’s parts, equipment and services unit. The Ukrainian aircraft maker now plans to now manufacture eight aircraft a year starting at the end of next year. The companies confirmed the deal which was signed at the Farnborough International Airshow.
 
The next step is to build a storage facility with Aviall, President of Antonov, Oleksandr Donets, told the media.
 
"This warehouse will deal with products, materials, metals, non-metals — with all components we are not able to get from our former partner, the Russian Federation," he said.
 
The subsidiary firm of Boeing would fund the warehouse, Donets added.
 
A number of types of passenger, cargo and transport aircraft is manufactured by Antonov. The An-132 which is a twin-engined turboprop that is made use of in military transportation and which is being developed together with Saudi Arabia is the latest aircraft that is being developed by Antonov.
 
The world's largest "heavier than air" aircraft that has been ever manufactured was completed by Antonov in 988. That aircraft was developed to be used as part of the Soviet space shuttle program. The An-225 Mriya is the world's largest aircraft build by the Ukraine based Antonov. This is a six-engine aircraft and transportation of the Soviet space shuttle the Buran was done with the help of this aircraft. That aircraft is now used for transportation of cargo that cannot be handled by any other aircraft. The An-225 Mriya is also the heaviest aircraft ever built and has a maximum takeoff weight of 640 tons. The aircraft is also equipped with the largest wingspan for any aircraft in operational service.
 
That aircraft was the only one that was ever completed during a period in the late 1990s when the Russian economy was going through a tough period. That economic situation forced the country to drop its efforts to fly a manned space shuttle.
 
(Source:www.cnbc.com)

Christopher J. Mitchell

Markets | Companies | M&A | Innovation | People | Management | Lifestyle | World | Misc