Russian aviation stocks skyrocket ...News

Russia Today - Economy
Russian aviation stocks skyrocket
source : Russia Today ( News ) () 34
Shares jumped after the successful first flight of domestically-built airliner Shares of Russian state-run aerospace company United Aircraft Corporation (UAC) soared 45% on Tuesday after the maiden flight of the country’s first fully domestically-built aircraft. Earlier, the Russian Industry Ministry said that an SSJ-100 equipped only with domestically-produced components had carried out its first flight. The airliner flew at altitudes of up to 3,000 meters (9,800ft) and speeds of 343 kilometers (213 miles) per hour. As of 16:48 Moscow time, shares of UAC and Yakovlev Design Bureau, which designed the jet, were tr

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