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India May Build an Airliner with Russia to Take on Boeing, Airbus

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Sukhoi Superjet 100
Sukhoi Superjet 100

India might join Russia’s United Aircraft Corporation (UAC), the maker of Sukhoi Superjet to build a new airliner of nearly 130-140 seating capacity.
Sukhoi, famous around the world for one of the world’s most lethal air dominance combat aircraft: Su-30MKI, also manufactures civil Airliners in Russia. Sukhoi Superjet 100 civil airliner is currently being operated by Russia’s state run carrier Aeroflot.
Russia’s United Aircraft Corporation (UAC), has announced plans to build a new airliner by 2016, which will bridge the gap between the Sukhoi Superjet 100 and the larger MS-21 airliner currently in development.
The company’s CEO Mikhail Pogosyan says, “We are considering an airliner with 130-140 seats as halfway between the Sukhoi Superjet with 110-115 seats and MS-21 with 150-200 seats.”

Russia had earlier approached India with the proposal of developing MS-21 jointly, however India had rejected the offer.

The company aims to manufacture nearly 485 planes between 2012 and 2014, Pogosyan revealed. This year UAC is going to sell 20 Superjets to customers and to start testing the new T-50 fighter with India. Pogosyan also says the company plans to boost its order book by 100 airplanes. Currently UAC has 300 orders for civil aircraft and 278 for military.

MTA
MTA (Multirole Transport Aircraft)
Russia has big plans to promote its airliner and occupy a section of the airline manufacturing industry which is currently dominated by western companies like Boeing and Airbus. 
Recently Russia’s hopes experienced a setback when Sukhoi Superjet 100 crashed during one of its test flight in Indonesia. The aircraft was flying on a purpose to demonstrate its capabilities to the number of interested parties and potential customers
Today Sukhoi Superjet100 is a successful aircraft developed with the cooperation of Boeing and Russo-French joint venture Powerjet which worked on the 76KN turbofan Engine SaM146. PowerJet is a joint venture between Snecma of France and NPO Saturn of Russia. Snecma is in charge of the core engine, control system, transmissions (accessory gearbox, transfer gearbox), overall engine integration and flight testing. NPO Saturn is responsible for the components in the low pressure section and engine installation on the Sukhoi Superjet 100 regional aircraft and ground testing.
According to Sukhoi, ongoing certification tests have confirmed that the Sukhoi Superjet 100’s direct operating costs are 6–8% lower than those of its key competitor, the Embraer 190/195. In terms of total fuel burn per sector, the SSJ is on a par with the Antonov An-148 but can accommodate 22 more passengers. Its lower operating, maintenance and fuel cost makes it attractive for the developing market like India, China, Brazil, South East Asia, Africa and Latin America.
When asked company’s CEO Mikhail Pogosyan about creation of an international alliance of aircraft-makers, he said, “The foremost partner could be India, which would provide access to the growing Indian market.” Other candidates for the alliance are considered to be China, Indonesia, Italy, South Africa and Ukraine, he added.
Russia already has a good experience of working jointly on projects with Indian companies and government, together Russia and India have successfully developed world’s fastest cruise missile Brahmos (in operation). Currently both the countries are jointly developing military aircrafts like T-50 fighter (5th Gen fighter) and MTA transport aircraft program. 
It is reported that the new Airliner will use aluminium fuselage and composite materials for the wing (including center section), elevator and rudder. The new materials will weigh 15 to 20 percent less, increase service life by 20 to 30 percent, reduce operating costs by 10 to 12 percent and reduce energy consumption during manufacture by 10 to 15 percent.
Fuselage plugs will give the new airliner its greater length. It will feature new engines from a source which has not been yet chosen. Some SSJ100 suppliers might be ousted from the new airliner. For example, the developers say the SSJ100 interior from B/E Aerospace may be out, in favor of a lighter and more modern interior from Italian companies.

Irkut MS-21
MS 21 Medium Haul Airliner
If India accepts Sukhoi’s offer then it would be India’s first ever project in developing a full service international level civil aircraft. This is not the first ever such offer to India. Last year in February 2011, Russia’s Irkut Aircraft Corporation had proposed India’s HAL (Hindustan Aeronautics Limited) to jointly develop MS-21 medium haul airliner. However, India had rejected the offer then, because at that moment HAL’s priorities were in developing defence transport aircraft, MTA with Russia and LCA. Also, HAL had no great past experience in manufacturing of civil aircrafts.
This time also HAL’s condition is same as the last time, but probably HAL would not like to say no to a bigger brand like Sukhoi.
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Sanskar Shrivastava is the founder of international students' journal, The World Reporter. Passionate about dynamic occurrence in geopolitics, Sanskar has been studying and analyzing geopolitcal events from early life. At present, Sanskar is a student at the Russian Centre of Science and Culture and will be moving to Duke University.

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Myths of Executive Jet Charters

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The act of flying in a private jet doesn’t seem like it should belong in someone’s day-to-day life. A private jet flight fits in the realm of red carpets, a sold-out world tour, or going to an exclusively owned island. However, you’d be surprised how often people do fly in a private jet – particularly in the world of business. There plenty of misconceptions about privately jetting off, so what’s it really like to fly in one?

It’s Too Expensive

It should be established that the fact people have to fly for business is nothing new. It could be anything from visiting a partner office abroad, or groups from various companies from around the world need to meet face to face with each other. It is likely when they fly they will want to do so in business class, if not first. If you think of the collective cost of these tickets, in comparison to hiring a jet the expense doesn’t seem too much. It can make financial sense to go private rather than commercial.  Jet charter companies can help people plan the journey so it’s just right.

It’s Hard to Find a Private Airport

In the US there are more private airports than commercial ones, so the chances are a business person can find an airport nearer them to suit their needs. Similar to the likes of hiring a car, hiring a jet means they are completely in charge of their transport. Colleagues can fly at a time which suits everyone’s schedules rather than have to rely on commercial lines.

You Still Have to Go Through Security

This is not the case when flying privately. It can really cut down on the time of travel, in turn saving company time. When boarding a flight could potentially take up an entire morning or afternoon, by going privately, people can board the plane as soon as they fancy. There is no queuing, taking off shoes, or having luggage inspected. Though they’ll still need to bring a passport when flying internationally.

Weather Restrictions

Obviously a plane, even if it is private, is not going to fly in adverse weather conditions. A private jet is just as safe as a commercial plane. However, one of the many perks of flying privately is you can get going a lot sooner. As soon as the weather is deemed less dangerous and it’s safe to fly, the captain of a private jet can take off. Businessmen don’t have to worry about prolonged delays or cancellations.

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Key Terminology You Need to Know Before You Start Trading Forex

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forex dollar pound euro oil

As the largest and most liquid market in the world, forex attracts a multitude of traders on a daily basis. It is the market where currencies are bought and sold as investment assets, and is usually accessed through online trading brokers such as Oanda. Whilst the concept of trading forex is relatively simple (buying/selling currency), it is shrouded in terminology and jargon which newcomers can find difficult to decipher. As such, here are some of the key terms you should know before you begin exploring forex.

Pairings

In the forex market, currencies are always traded in pairs, as this gives one currency its value compared to another. If the dollar were traded against the pound, for example, it would be expressed as USD/GBP, with the first currency being known as the ‘sell’ currency and the letter being known as the ‘quote’.

Many popular currency pairings have been given nicknames, which can seem confusing if you have never encountered them. EUR/USD, for example, is known as the ‘euro’, and GBP/USD is often referred to as ‘cable’ or ‘sterling’.

Leverage

The ability to leverage investments when trading forex is part of the reason the forex market is so popular. Leverage essentially allows a trader to control more units of currency with less money than would usually be required (often significantly less) but at much greater risk.

The trader will be able to choose how much leverage they apply to an investment, and it is expressed as a ratio (e.g. 100:1). Whilst leverage can help traders make a much larger profit using less capital, it can also lead to an equally large loss if the trade goes against them.

Volatility

Market conditions often differ greatly on a day to day basis, but those which change exceptionally quickly (like the forex market) are known as volatile markets. This means that the assets traded in such markets are constantly shifting in value, and so must be monitored by the trader regularly to help inform their decision.

Currency pairings will experience different levels of volatility at any given time, largely depending on the economic and political climate in the currencies’ country of origin.

These are some of the main terms that you should know before you invest money in the forex market. There are more, but once they have been learned, you should find it much easier to read and analyse forex.

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How to Boost Your Company’s Income Long Term

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business success

Part of running a company is trying to make it profitable at least in the short term. You need to make your business generate money, so you can keep the company running each day. However, what if you want to expand your company in the future, or start offering more choice to your customers? You might not have enough profits to achieve this now, but you can try to boost your company’s long-term income so that you can build towards it in the future.

Work on Your Profit Margin

Although your profits might be doing well, there might be room for improvement that will give you a better long-term return. Think about your business and see if there are any areas where you can improve your profitability. You might be able to do small things like finding a cheaper energy supplier or use cheaper suppliers for your products. Another option is to see if you can increase your productivity which will generate more profits in return. To make this work effectively, you need to create a plan that will take into account all parts of your business.

Seek Long-Term Investment

If you have been making steady profits for a while, there should be no reason why investors shouldn’t look favorably on investing in your company. You need to give them a long-term vision of where you want to take the company, and how much you think you can sell at that time. It needs to be realistic, or your potential investors might not come on board, but it also needs to be ambitious enough that your company will grow as a result. If you already have investors in your company, then they might be more able to invest more in the company knowing its current growth.

Invest in Other Companies

There are many companies that choose to invest in other businesses. For some, these are long-term investments designed to generate additional income for the business. It might also be an avenue personally, as you can invest in other companies and use the income to help finance your business. If you are new to investing, then there are ways such as Betterment investing that are great for new investors who don’t want a lot of hands-on dealings.

Consider Franchising

One way that you can increase your profits without having to spend a lot of money is to offer franchises. These offer budding business owners the chance to start their own business and have all the back-up they need, without having to create their own business idea. It also works for you because you don’t have to run the franchise or provide staff. There have been many companies that have benefited well from launching franchises.

Even though the immediate future of your company is important, you need to think ahead so you can keep your business growing. Part of that is trying to generate enough income to move into other areas or bring out new products.

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