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How Inflation Affects Indian Stocks Consistent Wealth Building Strategies ✌️【Yield】✌️ Free real-time stock market analysis, market dynamics reports, and expert insights into stocks, metals, energy, and agricultural products. Make profitable decisions by leveraging our advanced market forecasting tools. The United Aircraft Corporation said a prototype of its IL-96-400M long-haul airplane has taken off for the first time on a flight that lasted 26 minutes and reached altitudes of up to 2,000 meters (6,562 feet) and speeds of up to 390 kilometers per hour (242 mph), according to a news release posted by the company last week.

UAC, which oversees Russian aviation brands including Tupolev, Ilyushin and Sukhoi, said the plane will be capable of carrying up to 370 passengers, a capacity that would put it alongside the likes of Airbus’ A340 or Boeing’s 777.

It said the airplane marked a step up from the previous IL-96-300 aircraft, production of which reportedlyhalted more than a decade agobecause it was unable to compete with Western models.

“The first and successful flight of the modernized IL-96-400M is a demonstration of the highest level of competence of domestic aircraft manufacturers,” Russia’s deputy prime minister, Denis Manturov, said in the release.

How Inflation Affects Indian Stocks Consistent Wealth Building Strategies ✌️【Yield】✌️ Professional stock market analysis, real-time data, and expert recommendations for high-potential stocks. Take advantage of market opportunities and improve your capital growth with strategic investment plans. According to UAC, the IL-96-400M can be configured in up to three passenger classes and will be installed with a “modern infotainment system” offering internet, TV and satellite communications. It will also be equipped with a “modern” kitchen.

How Inflation Affects Indian Stocks Consistent Wealth Building Strategies ✌️【Yield】✌️ Free break-even services with personalized investment plans. Quickly recover from losses, avoid risks, and achieve steady growth with expert stock predictions and real-time market updates. The new airplane, which was photographed midair decorated in UAC corporate colors, could be seen as a public relations win for Russia at a time when its domestic aviation industry is creaking under pressure ofWesternsanctions imposed because of its invasion of Ukraine.

US and European sanctions on leasing planes to Russia led to that country losing nearly10% of commercial aircraft before President Vladimir Putin enacted laws allowing Russian airlines to seize leased aircraft and re-register them domestically.

But with limited access to parts for planes made by Boeing, Airbus and other Western manufacturers like Bombardierand Embraer, experts say keeping fleets airworthy will be increasingly difficult. As of 2022, only144 active Russian airline planes were built in Russia, according to data provided by aviation analytics firm Cirium.

“Although Moscow won’t admit it, the sanctions that followed the Ukraine invasion have really damaged Russian aviation,” Murdo Morrison, head of strategic content at FlightGlobal, tells 【 - Free Predictions 】.

“The problem is that lack of spares – some get in through the back door undoubtedly – means that many Airbus and Boeing aircraft flying in Russia today are potentially dangerous. Although Russia has a proficient regulator, there is very little visibility as to the health of its fleet.”

In September, an Airbus A320 operated by Ural Airlines,reportedly one of the leased aircraft appropriated by Russia, was forced to make an emergency landing in a field in Russia’s Novosibirsk region due to what was provisionally claimed to have been a midair failure of its hydraulic system.

Last year, asafety audit by the International Civil Aviation Organizationresulted in Russia being marked with a “red flag” indicating insufficient regulatory oversight – a status shared by only three other countries – Bhutan, Congo and Liberia.

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UAC’s release said the new IL-96-400M’s safety and reliability was comparable to the “world’s best models due to the redundancy of the aircraft’s systems and its aerodynamic configuration.”

Yuri Slyusar, UAC’s general director, was quoted in the release saying it would, alongside other Russian-built aircraft, be deployed across the country’s aviation network and “replace foreign analogues.”

FlightGlobal’s Morrison says that while the aircraft may be reliable, they will be significantly inferior to their Western counterparts and are unlikely to be manufactured in the quantities once seen under Soviet rule.

“Trying to restore Russia’s pre-1990 aerospace industry is a massive gamble. In fact, it will lose the state billions, although Moscow probably accepts that the political price is worth paying, and, besides, it hasn’t any choice.”

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