Aerospace

Russia to invest $14.5B to boost home-grown jet production.

By the end of 2030, Russia will invest 770 billion rubles ($14.5 billion) to strengthen its aviation sector in an effort to increase domestic aircraft production, according to a report from the Russian state news agency TASS on June 27, 2022.Russian Prime Minister Mikhail Mishustin stated during a meeting with his deputies that of the 770 billion rubles, 150 billion (US$2.8 billion) will be allocated to the nation’s air transport industry by the end of 2022.

To build the effective infrastructure that the sector needs, a lot of effort needs to be done, according to Mishustin. By 2030, “Russian airlines fleet should contain 81 percent domestically made aircraft. “The news comes just one week after Russian Minister of Trade and Industry Denis Manturov announced that Russia will produce more than 1000 local airliners by 2030.

The aviation firms demonstrated their ability to meet the needs of civil aviation by 2030 while replacing foreign-made components with Russian-made ones and updating the manufacturing process where appropriate, Manturov added.

As a result of sanctions put in place by the West in response to Russia’s full-scale invasion of Ukraine, the Russian aviation industry has suffered. Russian planes are no longer permitted to travel to locations in Europe, the United States, Canada, and other countries. Following Russia’s invasion of Ukraine, Boeing, Airbus, Embraer, and Bombardier have also stopped working with Russian airlines.

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Aerospace

EASA Ends Suspension on PIA, Approves Flights to Europe

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The suspension of Pakistan International Airlines (PIA) from operating in Europe is finally over, marking a significant turning point for Pakistan’s aviation sector.

After years of scrutiny and stringent safety assessments, the European Commission and the European Aviation Safety Agency (EASA) have officially lifted the ban on PIA. This decision also grants Airblue authorization to operate flights to Europe, further enhancing Pakistan’s connectivity with the region.

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PIA’s suspension, initially imposed in June 2020, was a direct consequence of concerns regarding the oversight capabilities of Pakistan’s Civil Aviation Authority (PCAA). These concerns were triggered shortly after a tragic PIA plane crash that claimed 97 lives, prompting an investigation into the validity of pilot licenses issued in the country.

Now, after four years of continuous efforts and reforms by the PCAA, EASA has expressed renewed confidence in Pakistan’s aviation regulatory framework. In a statement, EASA highlighted that Pakistan has successfully addressed safety compliance issues, enabling PIA to resume its operations within the European Union.

A spokesperson for PIA expressed optimism, emphasizing the airline’s commitment to strictly adhere to EASA’s regulations and guidelines. “This milestone has been achieved after four years of relentless efforts by the PIA management,” the spokesperson said.

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The lifting of the ban is expected to have a profound impact on PIA’s future. The airline, which employs over 7,000 people, has faced criticism in the past for poor management, financial instability, and regulatory challenges.

However, the restoration of European operations is seen as a vital step toward regaining its competitive edge, improving its financial standing, and restoring its reputation on the global stage.

Pakistan’s government, which has been exploring options to privatize the debt-laden national carrier, is hopeful that this development will attract foreign investment and bolster the country’s aviation industry.

With a renewed focus on compliance and safety, PIA is now poised to rebuild its presence in Europe, offering Pakistani travelers and international passengers more connectivity and improved service.