Rostec is ready for expansion of air connections between Vietnam and Russia

October 30, 2018

Press Release

The Zhukovsky International Airport is ready to provide its infrastructure for the Vietnamese air carriers. Expansion of air connections between Russia and Vietnam will promote the development of the trade and economic relations between the two states.

The Zhukovsky airport is ready to provide its capacities to Vietnam’s air carriers. The airport can accept all types of aircraft without any takeoff weight restrictions. The main 5.4 km airstrip of the airfield is the longest one not only in Russia, but also in Europe and is the third longest in the world. This enables the airport to accept all types of aircraft without any takeoff weight restrictions.

In 2017, Vietnam recorded a notable growth in the tourist flow from Russia: 570 thousand Russian citizens enjoyed their vacations in Vietnamese resorts last year – this is 32% more as compared to 2016. From January through March 2018, the Russian tourist flow to Vietnam increased by 15.8% versus the same period last year.

“Vietnam is a key air destination for Russian citizens. The passenger flow to Vietnam has been demonstrating a considerable annual growth,” said Rostec CEO Sergey Chemezov. “Rostec will welcome the Vietnamese airlines as future operators of the airport. We can guarantee world-class services for air carriers and passengers. I firmly believe that expansion of air connections between Russia and Vietnam will promote the development of the trade and economic relations between the two states.”

In the first 9 months of 2018, the number of passengers served by the Zhukovsky International Airport was two times higher than during the whole 2017. Zhukovsky continues active work aimed at expanding the flight geography and engaging new airlines.

Development of such infrastructure projects as the Zhukovsky International Airport is a top‑priority area for the Corporation. Rostec continues implementation of its large-scale Strategy until 2025 focused on development of civilian production and infrastructure projects, as well as improvement of operating efficiency and entry into international markets.

Rostec Corporation is a Russian corporation that was established in 2007 to facilitate the development, production and export of high-tech industrial products designed for civilian and military applications. The Corporation comprises over 700 organizations that are currently part of eleven holding companies operating in the military-industrial complex and four holding companies working in civilian industry, as well as over 80 directly managed organizations. Rostec’s portfolio includes well-known brands such as AVTOVAZ, KAMAZ, Concern Kalashnikov, Russian Helicopters, UralVagonZavod, etc. Rostec companies are located in 60 constituent entities of the Russian Federation and supply products to the markets of more than 100 countries. In 2017 the consolidated revenue of Rostec reached 1 trillion 589 million rubles, while the consolidated net income and EBITDA amounted to 121 and 305 billion rubles respectively. In 2017 the average salary in the Corporation was 46 800 rubles. According to Rostec’s strategy, the main objective of the Corporation is to ensure that Russia has a technological advantage in highly competitive global markets. Rostec’s key objectives include the introduction of a new techno-economic paradigm and digitalization of Russian economy.

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