11:02Rosaviatsiya is about to stop AirUnion flights
The Russian Federal Air Transportation Agency, or Rosaviatsiya, has frozen AirUnion's ticket sales and given the air alliance a week to solve its operational problems. In our opinion, the issue of aviation fuel supplies may be resolved through the intervention of state corporation Rostekhnologii. However, given the complex industry environment and a serious debt load, we recommend that investors Sell KrasAir shares.
11:00Saturn creates new gas turbine engine for marine applications
Research and production association, Saturn, has created a new gas turbine engine for marine applications. This should expand the company's product range and help it enter new markets. Given the state's plans to support the Russian shipbuilding industry, engines of this type are likely to be in strong demand in the next few years, which should enable Saturn to boost sales and increase its profitability.
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