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Crisis in Russian Aviation: "Rostec" Merges Companies to Conceal Issues

The Russian state corporation "Rostec" plans to reorganize its aviation business by merging several companies under "Ilyushin Finance Co". Officially framed as a management centralization, the real aim is to conceal financial issues driven by sanctions and a shortage of skilled workers. Notably, the airline Red Wings is already unable to fulfill its flight commitments fully.

6 items 6 sources started 26 July Updated:
EconomyWorld
Now Crisis in Russian Aviation: New Data on Company Mergers

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  1. Figures changed

    Crisis in Russian Aviation: New Data on Company Mergers

    According to new data, the Russian aviation corporation "Rostec" is merging its assets, which does not solve the industry's problems but merely conceals them.

  2. Figures changed

    Crisis in Russian Aviation: "Rostec" Merges Companies to Conceal Issues

    Russian aviation faces numerous challenges, including shortages of aircraft, engines, and personnel; new data indicates 200 issues.

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