Russia’s aircraft making corporation MiG is a loss-making enterprise, parliamentary defense committee head Vladimir Komoyedov said© RIA Novosti.
LUKHOVITSY (Moscow Region), October 25 (RIA Novosti)
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Russia’s aircraft making corporation MiG is a loss-making enterprise, parliamentary defense committee head Vladimir Komoyedov said on Thursday.
“MiG Corporation has been a loss-making enterprise in recent years. The less than optimal distribution of manufacturing infrastructure causes some concern,” he said.
The Defense Ministry has been reducing the share of MiG aircraft, which used to be the core of fighter aviation in the USSR, he said.
He did not elaborate.
A press handout distributed ahead of the committee meeting said MiG has completed modernization of the first six MiG-29 UPG fighter jets for the Indian Air Force, under a contract signed in March 2008.
It also said MiG Corp. has more than 100 standing contracts with 20 countries worth more than $6 billion.
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The self-defense forces in Donbass likely do not have the capability to win. Kiev will simply outlast the republic’s fighters. Ukraine still has many mobilization resources. The most important thing for self-defense fighters is not to win the war but rather not to lose it.