Russian aviation hit by fifth emergency landing in past week
Source: The Moscow Times, an independent Amsterdam-based news outlet
Details: The Eastern Interregional Transport Investigation Department initiated an inquiry under Article 263 of Russia's Criminal Code concerning violations of air transport safety and operation rules.
This marks the fifth emergency landing by Russian airlines in the past week, with prior incidents involving Azur Air, S7 Airlines and Aeroflot aircraft, caused by engine failures or landing gear issues.
The condition of Russia's aircraft fleet has deteriorated due to sanctions limiting access to maintenance and spare parts. In the first 11 months of 2024, 208 aviation incidents were recorded, a 25% increase from 2023, with half involving engine or landing gear problems. In March, Sergei Chemezov, head of the Russian state-owned defence conglomerate Rostec, warned that at least 200 foreign aircraft would need decommissioning in the coming years.
Background: The development of the Russian aircraft Baikal, intended to replace the Soviet-era An-2 (Kukuruznik), was ground to a halt, with mass production no longer planned.
Support Ukrainska Pravda on Patreon!
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Boston Globe
5 minutes ago
- Boston Globe
Trump thinks he's meeting Putin to broker a peace deal. Putin likely has other ideas.
By all accounts, The only one openly talking about peace is Trump. And even he conceded Monday, during a White House press conference, that 'it's not up to me to make a deal.' Advertisement For Putin, the meeting is less about ending the war than about resetting his relationship with Trump. Put another way: He is trying to flip the script. Just last month, Trump Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up For those keeping score: Trump entered office pressuring Ukrainian President Volodymyr Zelensky by threatening to Advertisement Over time, Zelensky worked his way back into Trump's good graces. There was a Fueling that line of thinking was how Putin would hop on a call with Trump to discuss the contours of peace and then, immediately Now, Putin sees an opening to make Zelensky the villain again. He may sweeten the conversation by dangling unrelated proposals, such as concessions to the United States over Russian- and Chinese-controlled Arctic Sea trade routes — part of the same strategic zone that drew Trump's earlier interest in acquiring Greenland. But Putin's top priority will be persuading Trump to ease sanctions and reverse recent punitive measures against countries like India for buying Russian oil, revenue Putin desperately needs to fund his war. Ukraine and European leaders are correct: Whether any of that lands with Trump is unclear. He will certainly be alert for side deals, but he also appears sincere — perhaps uniquely so — in his desire to broker peace agreements worldwide, or at least to Advertisement Seven months into office, Trump has built a record of peace deals and ceasefires. Upon taking office, his officials helped administer In May, In June, he Just last week, But Trump didn't campaign on ending the war in the Caucasus in 24 hours. He made that promise about Ukraine. Realistically, he was never going to end it in a single day. Still, seven months in, it hasn't been for lack of trying. Heading into Friday's meeting, Trump says he doesn't expect to walk away with a ceasefire but hopes to better understand the 'parameters' of a potential deal. He plans to call Zelensky from the plane afterward to see if a follow-up meeting is possible. And there's always the chance he could, as he told reporters Monday, simply hear Putin out and reject everything. 'I think we'll have constructive conversations,' Trump said. 'Now, I may leave and say, 'Good luck' — and that'll be the end.' Advertisement James Pindell is a Globe political reporter who reports and analyzes American politics, especially in New England.
Business Wire
5 minutes ago
- Business Wire
Periscope Equity Announces Close of $370 Million Oversubscribed Third Fund
CHICAGO--(BUSINESS WIRE)--Periscope Equity, a Chicago-based private equity firm, today announced the closing of Periscope Equity III, L.P. ('Fund III'). Fund III closed with aggregate commitments of $370 million, exceeding its target of $300 million in under 12 months from official launch. Fund III's investor base comprises both new and returning limited partners, featuring a diverse mix of leading university endowments, pension funds, charitable foundations, consultants, funds-of-funds and family offices. 'The oversubscribed and efficient closing of Fund III amid a difficult fundraising environment is a testament to Periscope's strategy and consistent focus on first-institutional capital opportunities in founder-led services businesses,' said Periscope Partner Steve Jarmel. 'Our disciplined approach — combined with a commitment to rolling up our sleeves alongside management teams — has enabled us to realize meaningful returns amid broader market headwinds.' Periscope has experienced significant momentum since raising its first institutional fund in 2018, demonstrating an ability to generate returns and deploy capital over the past seven years while remaining disciplined in its investment strategy. Since 2018, Periscope has raised approximately $700 million in committed capital across its three funds, invested in 11 platform companies and completed 28 add-on acquisitions. 'We're excited about the opportunities ahead as we continue to invest in the next generation of services businesses,' said Periscope Partner John Findlay. 'Our mission has been the same since day one — to back founder-owned, tech-enabled services businesses and partner with them on needle-moving strategic growth initiatives and operational excellence.' Kirkland & Ellis LLP acted as legal counsel and M2O Private Fund Advisors served as the placement agent. About Periscope Equity Periscope Equity is a Chicago-based private equity firm that partners with founder-owned, technology-enabled business services companies. Since its founding in 2012, Periscope has a track record of investing in businesses with mission-critical service offerings, a history of sustainable profitability and known avenues to accelerate growth. In alignment with management teams, Periscope seeks to provide operational and commercial support to drive investment returns. Learn more at
CNBC
6 minutes ago
- CNBC
Spirit Airlines raises going-concern doubts, months after exiting bankruptcy
Spirit Airlines has warned of going-concern doubts, just months after emerging from bankruptcy, as weak domestic demand and dwindling cash reserves strain its operations. Adverse market conditions such as elevated domestic capacity and weak demand for leisure travel in the second quarter have resulted in a tough pricing environment for the airline, it said in its quarterly report on Monday. The company expects these pressures to persist through the rest of the year, adding to operational uncertainty. Last month, Spirit said it would furlough about 270 pilots, while demoting another 140, to conserve cash. The Florida-based airline, known for its bright yellow livery, had filed for bankruptcy protection last November, after years of losses, failed merger attempts and heavy debt. It was the first major U.S. carrier to file for Chapter 11 since 2011. It emerged from bankruptcy in March after a court approved restructuring backed by its creditors. Uncertainty stemming from President Donald Trump's sweeping tariffs and budget cuts has prompted travelers to curb spending and reassess plans. The airline said on Monday that its credit-card processor has asked it to set aside more funds as collateral or risk losing its contract, which is set to expire on Dec. 31. To address the concerns, Spirit said it plans to bolster liquidity by selling or monetizing aircraft and real estate and shedding excess airport gate capacity. Uncertainty over meeting minimum liquidity covenants and the outcome of talks with stakeholders have raised substantial doubt about the company's ability to continue as a going concern over the next 12 months, it said.
