Ukraine War Upends Russia's Effort to Counter Boeing and Airbus
(Bloomberg) -- International sanctions triggered by the invasion of Ukraine are poised to derail a Russian effort to challenge Airbus SE and Boeing Co. in single-aisle jets.
Irkut Corp.’s MC-21 jetliner, set to enter service this year, had already been hit by delays and cost overruns due to pre-existing sanctions. The plane, which features composite wings and is designed to carry as many as 211 people, is due to commence deliveries to Russian airlines this year, starting with flag carrier Aeroflot PJSC.
European aerospace firms are now halting exports and warning of losses on the program due to the imposition of much tougher restrictions following the country’s invasion of Ukraine. U.S. suppliers like Raytheon Technologies Corp., which provides one of two engine choices, haven’t detailed their plans.
Drawing Board?
The MC-21 is the first full-size aircraft designed in Russia since the fall of the Soviet Union more than three decades ago, and represents the country’s bid to break the stranglehold of Airbus and Boeing on the short-haul jetliner market. A version using engines from Raytheon’s Pratt & Whitney division received Russian type certification at the end of last year.
https://www.msn.com/en-us/money/companies/war-is-latest-setback-for-russia-s-answer-to-the-boeing-737-max/ar-AAUG9PA
Heckuva job Pooty Poot.