Transportation

Russia, China, Announce USD13 Billion Wide Body Passenger Jet JV

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comacRussia and China have announced the signing of a USD13 billion Joint Venture company, the China-Russia Commercial Aircraft International Corporation (CRAIC), set up to compete with Boeing and Airbus. The license to operate in China was granted in Shanghai on Monday. The JV is between the Commercial Aircraft Corporation of China (COMAC) and Russia’s United Aircraft Corporation (UAC), with COMAC chairman Jin Zhuanglong saying the joint venture will develop wide-body aircraft and aims to produce “competitive” long-haul planes for the world’s aviation market.

CRAIC will be responsible for research, manufacturing, marketing, sales and services of its aircraft. According to an agreement by COMAC and its Russian partner United Aircraft Corp (UAC), 280-seat jets with a range of 12,000 kilometers will be prioritized.

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Kazakhstan to Set Up its First Cargo Airline

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By Marina Romanova

kazakhstan-cargo-airlineAccording to the national railway operator, Kazakhstan Railways is setting up a cargo airline in partnership with national carrier Air Astana. The first national cargo airline will begin to operate in 2017 with China, Europe, Iran, Russia and Turkey among its first destinations.

The new transportation project aim is to strengthen Kazakhstan’s competitiveness in the world. The Kazakhstan railways described the project called Rail-Air as a “new product of intermodal transport by rail and air transport.” It is expected that cargo airline will become “an alternative to the existing, but slower supply chain Sea-Air from South East Asia to Europe via Dubai”, said the railway operator.

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