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Russian Executives Spend Big on Luxury Planes

Published: August 28, 2007 (Issue # 1301)


MOSCOW Russian executives may spend $2.5 billion on business jets over the next two years, an aviation trade group said, prompting companies including Bombardier to chase contracts in a country with 60 billionaires.

It is just the beginning, Christophe Degoumois, Bombardier director for business aircraft sales in Russia and other former Soviet countries, said at the MAKS 2007 air show. Russia is Bombardiers largest European market, and the Montreal-based company says it is the top private jet purveyor in the country.

Frances Dassault Aviation and Brazils Empresa Brasileira de Aeronautica are among the aerospace companies joining Bombardier in seeking business jet buyers at the biennial air show.

Wealthy Russian individuals and corporations have about 300 executive jets and will have about 100 more delivered by the end of 2008.

Russians bought executive planes valued at $1.5 billion in the last two years, triple the amount spent in the previous two years, Yevgeny Bakhtin, deputy head of the Russian Business Aviation Association, said in an interview last week. Of the $2.5 billion in spending expected by 2009, $1 billion is already contracted.

The most popular models are Bombardiers Global Express, Boeings Business Jet, Hawker Beechcrafts Hawker 850XP, the Gulfstream V from General Dynamics and the Legacy 600 made by Embraer, according to Bakhtin.

Representatives of all the companies are working the tarmac at MAKS 2007. All but Boeing brought planes to display.

Growth in private jet sales in Russia is unrestrained, Bakhtin said.

Customers in Russia and other former Soviet countries placed 90 orders with Bombardier in the last three years for Learjet, Challenger and Global business jets. In the first half of 2007, the company has taken 30 business jet orders from the countries, spokeswoman Danielle Boudreau said.

Dassault has booked orders for 40 aircraft in Russia, Ukraine and Kazakhstan in the past three years, Alain Aubry, sales and marketing vice president, said Thursday at the show. Half of the planes have been delivered, and Dassault is currently negotiating the sale of 10 private jets, he said.

Boeing has interest from private clients in the 787 Dreamliner, said Craig Jones, vice president for commercial airplanes. The 787, which enters service in 2008, can carry as many as 330 people in a commercial configuration.

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ALL ABOUT TOWN

Friday, Sept. 19


SPIBAs newest addition to their Cultural Discoveries events is Handmade in Germany, an exhibition featuring unique handmade objects of a significantly higher quality than mass-produced items. The work of over 100 German manufacturers will be displayed during the event, which opens today in the Lutheran Church of Saint Peter and Paul on Nevsky Prospekt and runs through Sept. 28.



Saturday, Sept. 20


Starting on Sept. 18 and ending tomorrow is the Extreme Fantasy Wakeboarding Festival in Sunpark by Sredny Suzdalskoye lake in the Ozerki region of the city.


Those after something more laid back can instead head to Jazz and Wine night at TerraVino with legendary jazz guitarist Ildar Kazahanov. 12/14 Admiralteyskaya Emb.



Sunday, Sept. 21


Learn more about African culture and get some exercise during todays Djembe and Vuvuzela, a bike ride starting in Palace Square that includes several stops where riders can listen to the music of Africa or watch short films about the continent. The riders plan to set off at 4 p.m. and all you need to join is a set of wheels.



Monday, Sept. 22


Do you love puppetry? If so, then be sure to go to BTK-Fest, a five-day festival that starts on Sept. 19 celebrating the art. Contemporaries from France, Belgium, the U.K. and other countries will join Russian artists to put on theatrical performances involving a variety of themes, materials and eras. Workshops and meetings are also scheduled for a chance to discuss the artistic medium in further depth.



Tuesday, Sept. 23


Marina Suhih, Director of the External Communications Department at Rostelecom North-West, and Yana Donskaya, HR Director for Northern Capital Gateway are just some of the confirmed participants of todays round table discussion on Interaction with Trade Unions being hosted by SPIBA. Confirm your attendance with SPIBA by Sept. 22.


Kino Expo 2014, an international film industry convention, will be at LenExpo from today until Sept. 26. The third largest exhibition of film equipment in the world, the expo focuses on not only Russia but former Soviet republics as well.



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