of talk [about modernising infrastructure] really brought “All Medvedev’s Russia’s hasn’t results. If anything, the situation has deteriorated due to spreading corruption and the increased inefficiency of state institutions.” The Financial Times Limited 2011. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web. Russian Airplane Crash Clouds Putin Goal of Building World-Class Economy Q By Paul Abelsky - Sep 9, 2011 7:19 AM GMT+0200 Russian Prime Minister of turning the economy into one of the top five in the ’s goal world may be threatened by mounting unease over the transport infrastructure. country’s The Sept. 7 crash that killed all but two of the 45 passengers aboard an 18-year-old Russian-made Yakovlev-42 plane was the fifth jet airliner accident in the country in the past year, bringing the number of casualties to 99, according to data compiled by researcher Ascend Worldwide Ltd. Other transport accidents included a July 10 shipwreck that killed 119 people. The catastrophes highlight the failure to overhaul infrastructure in the largest world’s country as the government seeks to modernize the economy and remake Moscow into a global financial hub to reduce dependence on energy exports. of deadly accidents rules out coincidence and points to fundamental “The number problems with ageing infrastructure and the rule of Lilit Gevorgyan, a law,” analyst at IHS Global Insight, said by e-mail. is certainly casting a shadow “This on aspiring to become a world class economy.” The age of domestically manufactured single-aisle aircraft fleet is between 25 Russia’s and 30 years, while the U.S. fleet averages around 13 years, according Ascend, a London-based aviation consultant company. Ascend fleet figures show a need for at least 400 new commercial passenger aircraft in Russia, said George Ferguson, senior aerospace and defense analyst for Bloomberg Industries. ‘More Difficulties’ Airline fleet required at smaller carriers further afield that will have more renewal “is difficulties securing bank loans or said of leasing commitments,” Ferguson Russia’s commercial aviation industry.
“All of Medvedev’s talk [about modernising Russia’s infrastructure] hasn’t really brought results. If anything, the situation has deteriorated due to spreading corruption and the increased inefficiency of state institutions.” The Financial Times Limited 2011. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web. Russian Airplane Crash Clouds Putin Goal of Building World-Class Economy Q By Paul Abelsky - Sep 9, 2011 7:19 AM GMT+0200 Russian Prime Minister ’s goal of turning the economy into one of the top five in the world may be threatened by mounting unease over the country’s transport infrastructure. The Sept. 7 crash that killed all but two of the 45 passengers aboard an 18-year-old Russian-made Yakovlev-42 plane was the fifth jet airliner accident in the country in the past year, bringing the number of casualties to 99, according to data compiled by researcher Ascend Worldwide Ltd. Other transport accidents included a July 10 shipwreck that killed 119 people. The catastrophes highlight the failure to overhaul infrastructure in the world’s largest country as the government seeks to modernize the economy and remake Moscow into a global financial hub to reduce dependence on energy exports. “The number of deadly accidents rules out coincidence and points to fundamental problems with ageing infrastructure and the rule of law,” Lilit Gevorgyan, a analyst at IHS Global Insight, said by e-mail. “This is certainly casting a shadow on aspiring to become a world class economy.” The age of Russia’s domestically manufactured single-aisle aircraft fleet is between 25 and 30 years, while the U.S. fleet averages around 13 years, according Ascend, a London-based aviation consultant company. Ascend fleet figures show a need for at least 400 new commercial passenger aircraft in Russia, said George Ferguson, senior aerospace and defense analyst for Bloomberg Industries. ‘More Difficulties’ Airline fleet renewal “is required at smaller carriers further afield that will have more difficulties securing bank loans or leasing commitments,” Ferguson said of Russia’s commercial aviation industry.
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