aviation latest updates

Russia has today announced plans to invest over $14 billion in its aviation industry by the end of the decade to increase domestic aircraft production. The goal is that 81% of aircraft operated by Russian airlines will be domestically built by 2030, according to Deputy Prime Minister Yury Borisov’s comment in a televised meeting of government officials.

Akbar Al Baker has concerns about the effects of rising oil costs. Akbar Al Baker, who presently serves as the Chief Executive Officer of Middle Eastern carrier Qatar Airways, has said his concerns that the airline industry may be set to face another recession.