Russian State Corporations Increasing Purchases of Indigenous Business Jets

Russia Firms Seek Indigenous Bizjets as Sanctions Bite

As Russia's economy slowly improves, state corporations are significantly increasing their purchases of business jets.

Aerial view of Vnukovo International Airport — Vnukovo Andrei Tupolev International Airport, southwest of Moscow, Russia, handles international flights by private aircraft. (Photo: AIN)

March 14, 2023

Leading Russian state corporations are significantly increasing their purchases of indigenous business jets, as the Russian economy slowly improves. In fact, the country's largest transmission grid company, Federal Grid Co. (FGC), has bought a new-production SSJ-100 in business configuration for the equivalent of $63 million, with $10 million allocated for VIP cabin outfitting. The company already owns a Bombardier Global, but Western sanctions against Russia due to the Ukraine war make servicing of this aircraft nearly impossible.

Before imposition of Western sanctions, Russian customers used about 500 business jets, while the number of business jets affiliated with Russian citizens were estimated at 600 to 800 units, according to the Russian Business Aviation Association. To date, say Russian analysts, about 150 to 200 aircraft have been transferred to Russian registration, which has opened up the possibility for them to fly to "non-European countries." Last year, customers showed an interest in Russian VIP aircraft, but there are no such jets for resale in Russia at present.

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