Stealth & Wealth in Moscow: MAKS 2011 up above the world (E44)
Welcome to Technology Update and welcome to MAKS - the world famous air show.
The world's top aircraft makers are expected to seal multi-billion dollar deals as Russia is set to replace its aging air-fleet. Russians carrier Utair plans to acquire six SuperJets for $217mn in a deal financed by VEB-Leasing. Foreign manufacturers already dominate the former Soviet Union region, according to figures on Boeing's website, which show around 70 percent of fleets consist of Western-built planes as opposed to less than 2 percent in the mid-1990s. More than 260 companies from 43 countries are expected to participate this week at MAKS.