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December 23, 2023

Russia Sinks $12 Billion to Keep Aerospace on Life Support

Sanctions Haunt Russian Aerospace, But Govt Says $7.73B Could Buy Independence

Russia has issued more than $12 billion USD in state subsidies and loans to keep its homegrown aerospace industry on life support, making up for difficult sanctions that cut off the country’s supply on vital parts & technical equipment. While Russia sits somewhat more comfortably in terms of homefield industry than other “service based economies”, aerospace assemblies and engine parts remain a difficult thing to make even in the best of times - tight tolerances, high materials quality, and consistent production make home-grown alternatives an unlikely prospect any time soon.

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Telesis Gets Cash Payout for Insured Aircraft 'Stuck' in Russia

Airbuses Leased to Rossiya Airlines Result in Settlement

Imagined post-sanction aircraft transference cases in Russia may not be as exciting as hoped by the laymen, if a recent insurance settlement is any indication. A pair of GA Telesis Airbuses were leased to Rossiya Airlines, an Aeroflot carrier when the war in Ukraine broke out in February 2022. As such, the ensuing sanctions cut off the flow of funds, parts, support, and even aircraft between Russia and the assorted Western nations. GA Telesis, looking to do right by their shareholders, opted to claim the 'loss' of its aircraft on insurance. Telesis appears to have been made whole, with an announcement telling investors that the firm had "received cash insurance settlement proceeds in full se

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JetBlue Foundation Celebrates 10 Years

"JetBlue Foundation is Still the First and Only Airline Nonprofit Dedicated Solely to Championing Diversity"

The JetBlue Foundation announced its 10-year anniversary, saying "JetBlue Foundation is Still the First and Only Airline Nonprofit Dedicated Solely to Championing Diversity in STEM and Aviation Education". Since its inception, the Foundation has "continued the airline’s efforts to place aviation top-of-mind as a career choice for students by igniting youth interest throughout JetBlue’s network to explore careers in aviation."

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