NewsWhats happening

Plane maker has suspended buying the metal from Russia but must still deal with ties with company linked to sanctioned oligarch and Putin ally

Boeing Co has suspended parts of its business in Russia, but it still has to deal with its relationship to a key titanium supplier led by a sanctioned oligarch who once worked in the KGB with President Vladimir Putin.

The plane maker years ago made a big bet on the country’s titanium, crucial for manufacturing its commercial jets and military aircraft, and Boeing has warned that geopolitical changes could create supply problems in the future.

Boeing said it has halted purchasing Russian titanium since the country’s invasion of Ukraine. It also has closed its engineering offices in Moscow and Kyiv and stopped sending spare plane parts to Russian airlines. But as other Western companies retreat from Russia, Boeing declined to say what it will do about its joint venture with the titanium supplier led by Mr. Putin’s former intelligence colleague, Sergey Chemezov.

Excerpt from WSJ
Read the full article 

Client Log In

Past Issues

Breaking News - Avmark Newsletter

  • Qantas Plans Nonstop Flights to Australia From New York, London

    Read More ...

  • FAA Says It’s Working With Airlines to Ease Florida Flight Disruptions

    Read More ...

  • Ukraine War Forces Airlines to Adjust Flight Paths

    Read More ...

Cron Job Starts