Russia remains the most dangerous place to fly despite global improvements that made 2006 the safest year on record, the Reuters news agency reported quoting the latest annual report by the International Air Transport Association (IATA) released on Tuesday.
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Indonesia's transport minister says his country's air safety standards will be completely overhauled within the next two years. Most air crash investigators agree that if there was no road or embankment at the end of Yogyakarta's runway, Garuda Flight 200 would have come to rest with much less deadly force.
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Russia will supply India with 18 multi-role Su-30MKI Flanker fighter jets under a $700 million contract signed by the country's arms export monopoly Rosoboronexport and the Indian Defense Ministry earlier this month. This information was reported by the Interfax news agency, but Rosoboronexport would neither confirm nor deny the deal.
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Sukhoi Superjet 100 aeroplane family is being developed based on the principle of maximum standardization of frame assemblies and systems, viz.: wings, fins, chassis, engine unit, crew cabin, basic aeroplane systems and component parts.
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Raytheon Company (NYSE: RTN) announced today that it has signed a definitive agreement to sell its wholly owned subsidiary Raytheon Aircraft Company (RAC) to Hawker Beechcraft Corporation, a new company formed by GS Capital Partners, an affiliate of Goldman Sachs, and Onex Partners. The Company also announced that, subject to the closing of this transaction, its Board of Directors has approved further debt reduction and an increase in the Company's stock repurchase authorization.
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