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As Russia’s war effort fuels economic growth and drives up wages, air travel has been on the rise too, with Russians defying Western sanctions by heading to domestic holiday spots or “friendly” countries where they are still welcome. However, just as soaring government spending on the war in Ukraine is fuelling a consumer spending boom and more and more people chose to spend the extra cash on travel, Russia’s civil aviation sector is struggling to take advantage of booming demand. The reason? Russia just does not have enough planes. While the sanctions fell short of the desired effect of crippling Russia’s economy and starving its war machine, they did cut off the supply of planes and parts, which domestic production could not replace. As a result, fewer new planes could be added to Russia’s fleet to meet rising demand and Moscow was forced to ask neighbouring countries to help run some domestic routes. Russia has touted its economic resilience in the face of sanctions, but difficulty in ending its reliance on Western planes highlights the limits to Moscow’s goal of breaking free from Western influence and having domestic industries pick up the slack. With most of Europe’s airspace closed to Russian carriers, most traffic shifted to domestic routes, data from Russia’s civil aviation watchdog Rosaviatsia shows. International travel has pivoted to countries that have not imposed sanctions on Moscow, such as Turkiye, ex-Soviet countries and the United Arab Emirates, according to data from the FSB security service, which tracks border crossings. Egypt, Thailand and China have also gained in popularity compared with pre-pandemic levels. By contrast, the numbers of passengers flying to Europe have dropped to a few hundred thousand from almost 10mn in 2019, the data showed. Russia’s retail sales, a key gauge of consumer demand, rebounded strongly last year from a 2022 slump and while that growth has softened in recent months, rising incomes continue to drive demand for air travel, cars and consumer goods, including those imported from the West via third countries. “Yesterday these people earned relatively little, now they have not just extra, but beyond extra, income relative to what they had, and many of them have ... used this for a fully-fledged summer holiday,” aviation expert Oleg Panteleev told Reuters. Matching that demand, however, is a challenge. Almost 80% of Russia’s fleet is foreign-made, data from Swiss aviation intelligence provider ch-aviation shows. Airbus and Boeing planes account for 575, or two-thirds, of Russia’s 865-strong fleet. Their pullout was initially hailed as a win for the domestic industry. “The competitors left. Just a few years ago the domestic aviation industry could only dream of this,” Sergei Chemezov, head of industrial conglomerate Rostec, told Reuters in August. Rostec, whose subsidiary United Aircraft Corporation controls almost all of Russia’s major aircraft producers, appears still far from making that dream a reality. In the year before invading Ukraine, Russia added 54 new commercial aircraft to its fleet – 27 from Airbus, three from Boeing and 24 Russian-made Sukhoi Superjets – for airlines including flag carrier Aeroflot, S7, Red Wings, Rossiya, and Ural, ch-aviation data shows. In the nearly three years since, it has added just 11 new planes, all of them Superjets. Production of Russia’s new MS-21 airliner, being made by Rostec, has already been pushed back to 2025-2026 from 2024. Chemezov acknowledged Russia was facing difficulties but said it would definitely make its own passenger planes. The Kommersant daily reported last week that Russian airlines, unable to repair Airbus A320 neo engines, may have to retire some of its Airbus fleet. Rosaviatsia said Russia’s serviceable Airbus A320 neo fleet had got smaller, but it accounted for less than 5% of Russia’s commercial aircraft. Sanctions on Russian aviation have further complicated existing engine issues, Rosaviatsia said. Moscow has spent at least 1.47tn roubles ($13bn) in state subsidies and loans since the invasion on the aviation sector, according to a Reuters analysis, as Russia pursues President Vladimir Putin’s goal of producing more than 1,000 aircraft by 2030. Yet for now, Russia has asked Central Asian countries to help it run some domestic routes, while The Economic Times of India reported that Russia has asked India and China for assistance, too. As Moscow becomes increasingly dependent on Beijing for trade, technology and political support, air travel is the latest link being forged between the two nuclear powers. “China is building up its positions very strongly,” Panteleev said. “Russian tourists are gradually beginning to rediscover China.” – ReutersIndian billionaire Gautam Adani on Saturday said "attacks" on his company made it "stronger", days after US prosecutors accused him and other officials of fraud. The November 20 bombshell indictment in New York accused the industrialist and multiple subordinates of deliberately misleading international investors as part of a multi-million-dollar bribery scheme. Addressing the allegations for the first time, the 62-year-old tycoon said his conglomerate was committed to "world-class regulatory compliance". "What I can tell you is that every attack makes us stronger and every obstacle becomes a stepping stone for a more resilient Adani Group," he said at an awards ceremony in the northern Indian city of Jaipur. Adani is suspected of having participated in a $250 million scheme to bribe Indian officials for lucrative solar energy supply contracts. The billionaire, however, said nobody from his company had been charged with any violation of corruption laws or "any conspiracy to obstruct justice". The US Justice Department said Adani, his nephew Sagar Adani, and one other official were charged "with conspiracies to commit securities and wire fraud and substantive securities fraud". Five others were charged "with conspiracy to violate the Foreign Corrupt Practices Act," the department said. On Thursday, Adani's company said it had suffered a loss of nearly $55 billion in market capitalisation across its 11 listed companies since the US indictment was filed. With a business empire spanning coal, airports, cement and media, Adani Group has weathered previous corporate fraud allegations, suffering a similar stock rout last year. The conglomerate saw $150 billion wiped from its market value in 2023 after a report by short-seller Hindenburg Research accused it of "brazen" corporate fraud. Adani is a close ally of Hindu nationalist Prime Minister Narendra Modi and was at one point the world's second-richest man, and critics have long accused him of improperly benefitting from their relationship. ash/aha Get any of our free email newsletters — news headlines, sports, arts & entertainment, state legislature, CFD news, and more.
Gus Malzahn is leaving UCF to become Florida State's offensive coordinator, AP source says
Daily Horoscope for Monday, December 30, 2024, for all zodiac signs by astrologer Vinayak Vishwas Karandikar
Lambton County Township could land a new Ontario hydro plant, possibly nuclear-poweredMILWAUKEE (AP) — Giannis Antetokounmpo was available for the Milwaukee Bucks against the Washington Wizards Saturday night after missing one game with swelling in his left knee. Antetokounmpo sat out the Bucks' 106-103 NBA Cup victory at Miami on Tuesday. The two-time MVP had been listed as probable with tendinopathy in his right patellar tendon. “He's good,” Bucks coach Doc Rivers said before the game. Antetokounmpo entered Saturday as the league's leading scorer at 32.4 points per game. He ranked fifth in rebounds (11.9) and 20th in assists (6.4). ___ AP NBA: The Associated Press
No. 17 BYU's stout defensive effort shut down No. 23 Colorado's explosive offense in the Cougars' 36-14 Alamo Bowl win on Saturday night in San Antonio. The Cougars, who had four sacks and two interceptions, held Colorado to just two rushing yards and 210 yards of total offense. The Buffaloes averaged 34.5 points and nearly 400 yards of offense per game entering the Alamo Bowl. "The guys believed in each other," BYU coach Kalani Sitake said. "We've been working on this and I'm really proud of the staff, the coaches and I'm happy all our fans are here. I'm definitely happy for the seniors. These guys love each other, and I am happy we got that win." BYU's Parker Kingston had a 64-yard punt return touchdown. Jake Retzlaff completed 12-of-21 passes for 151 yards and two interceptions. LJ Martin (93 rushing yards) had two touchdowns on the ground and Sione I Moa ran one in for the Cougars (11-2). Evan Johnson and Isaiah Glasker had interceptions. Colorado's Shedeur Sanders completed 16-of-23 passes for 208 yards with two touchdowns and two interceptions. Heisman Trophy winner Travis Hunter caught four passes for 106 yards and a touchdown. Sav'ell Smalls added a touchdown catch. "We're not happy with the results, but we are happy with the journey of getting here," Colorado coach Deion Sanders said. "Wonderful job by BYU. They are well coached. They did a phenomenal job of running the football. "Their special teams kicked our butts. We couldn't do nothing much at all on offense. Defensively, we had some sound stops, but we didn't have enough and came up short." DJ McKinney, Anquin Barnes Jr. and Cam'Ron Silmon-Craig had interceptions for Colorado (9-4). Martin gave BYU a 7-0 lead with a 1-yard touchdown run midway through the opening quarter. A 28-yard pass to Martin on a wheel route out of the backfield was the key play on the drive. After BYU forced a three-and out, Will Ferrin gave the Cougars a 10-0 cushion with a 51-yard field goal. At the start of the second quarter, Sanders hit Hunter on a short crossing route he turned into a 58-yard gain. But the drive stalled when Sanders was sacked by Logan Lutui for a 23-yard loss. On the next play, Alejandro Mata missed a 48-yard field goal. Kingston used a wall of blockers down the sideline on his 64-yard punt return for a touchdown that gave the Cougars a 17-0 lead late in the second quarter. BYU went into halftime up 20-0 on Ferrin's 54-yard field goal. On Colorado's first possession of the second half, Johnson picked off a pass that set up BYU's nine-play scoring drive. The Cougars took a 27-0 lead on Moa's 13-yard touchdown run. Hunter made three Cougars defenders miss on a 43-yard touchdown reception that cut the BYU lead to 27-7 with 6:14 left in the third. Martin's second TD run gave BYU a 33-7 cushion in the fourth quarter. Colorado tacked on a late score when Sanders hit Smalls with a 2-yard pass. --Field Level MediaFormer US president Jimmy Carter dies aged 100
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