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Результаты поиска 11 - 20 из 23
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Competition and cooperation in the global aircraft engine manufacturing industry

Sobolev L.B. Moscow Aviation Institute (State University of Aerospace Technology), Moscow, Russian Federation ( sobolevLB@yandex.ru )

Journal: Economic Analysis: Theory and Practice, #47, 2015

Subject The article analyzes the development trends in the global aircraft engine manufacturing industry. Two major trends include constant product renovation and business model optimization based on profitability indices. The business model optimization provides sustainability of aircraft engine manufacturers in the highly competitive aircraft engine market, increase in labor efficiency and stock value.
     Objectives The aim is to increase the economic efficiency of the United Engine Corporation by using the business models of global leaders in aircraft engine building, and their competition strategies.
     Methods The study presents a comparative analysis of leading Western and Russian corporations involved in aircraft engine manufacture.
     Results The analysis demonstrated that owing to competition and well-targeted business diversification, Western aircraft engine manufacturers provide for a stable growth of economic indicators (net sales, shareholder value, product modernization).
     Conclusions and Relevance Under fiercer competition in the global aircraft engine manufacturing sector, it is necessary to consider business model options in Russia, to maintain internal competition (at least of the 'Soviet' type), and to have a well-judged approach to diversification of Russian aviation corporations.


Economic aspects of military aircraft engineering

Sobolev L.B. Moscow Aviation Institute (State University of Aerospace Technology), Moscow, Russian Federation ( sobolevLB@yandex.ru )

Journal: Economic Analysis: Theory and Practice, #4, 2018

Importance The article analyzes the economic aspects of military aircraft construction, like the volume of the world market, market segmentation, main producers, revenues of major manufacturers of military aviation, etc.
Objectives To improve the economic efficiency of Russia's military aircraft industry in conditions of the civilian segment weakness, economic sanctions and budget constraints.
Methods The research methodology rests on a comparative analysis of performance of leading aircraft manufacturers and identification of trends in the development of military segments.
Results The analysis shows that in general, the Russian military aircraft industry is up to the world standards, though, in technical aspect, it concedes to the USA in the serial production of the fifth-generation multirole jet fighter (T-50) and military electronics, and in the economic aspect – in efficiency of production and labor. At the same time, the operations performance of the leading foreign aircraft manufacturers increases as the share of civil aviation segment and diversification of production grow.
Conclusions The military aviation market share expansion is associated with the introduction of full-scale production of the fifth-generation aircraft, the use of 'economies of scale' to reduce product costs, and product differentiation through military electronics, information systems and participation in space projects.


Strategies for the development of aerospace corporations

Sobolev L.B. Moscow Aviation Institute (National Research University) (MAI), Moscow, Russian Federation ( sobolevLB@yandex.ru )

Journal: National Interests: Priorities and Security, #1, 2019

Subject Fierce competition in all aerospace markets makes the Western companies upgrade their products and cut costs continuously, inter alia, cooperating with rivals to launch new products within a shorter period of time and share risks of certain projects. The optimal strategy ensures the sustainable development of corporations in high competition markets, growth in labor productivity and value of stocks.
Objectives The research analyzes methods for increasing the quality of development strategies and governmental programs for aviation and aerospace sectors of the Russian Federation in order to ensure the national economic security.
Methods The research employs the comparative analysis of development strategies of leading global and Russian aerospace corporations.
Results Drawing upon elaborate development strategies, the Western aerospace corporations ensure the sustainable growth in economic indicators in compliance with global trends (total revenue, sales, shareholder value).
Conclusions and Relevance As the competition intensifies in the global aerospace market, it is useful to review alternative development strategies of the aviation and aerospace sectors of Russia, revitalize the domestic competition (at least in the Soviet manner), and practice a more conscientious approach to diversifying aviation and aerospace holding groups.


The military-industrial complex restructuring

Sobolev L.B. Moscow Aviation Institute, Moscow, Russian Federation ( sobolevLB@yandex.ru )

Journal: Finance and Credit, #47, 2016

Subject The article considers enhancement of economic efficiency of Russian arms manufacturers through using the business models of global leaders and their vying strategies.
Objectives The aim of the study is to compare restructuring methods of leading Western and Russian companies engaged in development and manufacture of weapons and military equipment.
Methods The study rests on a comparative analysis of Western and Russian leading arms manufacturers and their restructuring methods under instability of the countries' military budgets. The analysis is based on the annual rating data of world arms manufacturers, presented by the Stockholm International Peace Research Institute (SIPRI), and publications in public sources.
Results The analysis shows that Russian companies operating in the military-industrial complex make only first steps towards creation of a globally competitive organization. Subsequent steps should be a segmentation of companies based on product and/or region (for cost saving), and reduction of their dependency on Defense Procurement through creation of robust civil segments (electronics, oil and gas and power equipment, etc.).
Conclusions and Relevance Under fierce competition in the global weapons and military equipment market, it is possible to create alternative business structures of corporations operating in the Russian military-industrial complex (using the experience of Joint-Stock Financial Corporation Sistema), enhance cooperation with companies of fuel and energy complex, develop internal competition in the country.


To the issue of restructuring of the United Aircraft Corporation

Sobolev L.B. Moscow Aviation Institute, Moscow, Russian Federation ( sobolevLB@yandex.ru )

Journal: National Interests: Priorities and Security, #3, 2018

Importance The research constitutes a comparative analysis of the structure of leading military and civil aircraft companies of the world through annual reports, SIPRI ratings of arm-producing companies, annual ratings of aircraft corporations in Flight International journal and publications in the public domain.
Objectives The research aims to increase the economic efficiency of UAC’s operations by considering the organizational design of successful companies, global aircraft engineering trends and forecasts.
Methods The research is based on a comparative analysis of international aircraft engineering companies’ activities. I also identify possibilities for developing military and civil segments of those companies.
Results As the analysis shows, UAC has not created an effective civil segment for 10 years of its operations. Leading civil aircraft companies like Boeing and Airbus increased their revenues through a growth in their civil segments’ revenues, while revenues of military segments remained almost unchanged.
Conclusions and Relevance UAC’s project of SSJ100 generally failed to meet expectations. Another civil project faced high competition, thus its global launch requires many efforts and investment. As UAC is expected to enter all military and civil aviation markets, a lack of talent, lagging engine manufacturing and avionics, Western sanctions make the goal unattainable in the mid run, thus necessitating its adjustments.


Regional aviation of Russia

Sobolev L.B. Moscow Aviation Institute (State University of Aerospace Technology), Moscow, Russian Federation ( sobolevLB@yandex.ru )

Journal: Economic Analysis: Theory and Practice, #1, 2018

Importance The modern regional aviation is one of civil aviation segments covering the needs for transport mobility of citizens living in remote regions, and functioning as a ‘supplier’ for long-haul and international flights. After vain attempts to penetrate this market with Russian projects of the 80th (Tupolev TU-334, Ilyushin IL-114) and Russian-Ukrainian projects (Antonov AN-148 and AN-140), the Russian regional aviation has the only new competitive product of the United Aircraft Corporation (UAC), namely, SSJ 100 98-seater liner.
Objectives The aim of the study is to analyze the actual state of things in the world regional aviation market and to search for ways of Russian expansion therein.
Methods The study draws on the comparative analysis of the world regional aircraft manufacturers’ operations in terms of seating capacity in all segments of the market, which is influenced by the new hub-and-spoke structure of air service organization.
Results The analysis shows how global manufacturers responded to changes in demand in the regional aviation market. The Russian aviation industry should either promptly react to the changed demand or accept aircraft of foreign manufacturers in the Russian regional fleet.
Conclusions At present, only UAC, more specifically, Sukhoi Civil Aircraft Company, its subsidiary, is engaged in regional aircraft manufacturing. I believe, it is necessary to demonopolize the aviation industry. The paper gives some examples of diversification.


A high mission of general aviation

Sobolev L.B. Moscow Aviation Institute (National Research University), Moscow, Russian Federation ( sobolevLB@yandex.ru )

Journal: Economic Analysis: Theory and Practice, #3, 2016

Importance The small aircraft segment of Russia is on the wane. Meanwhile, in many countries, income from small aircraft manufacturing and servicing is considerably higher as compared to large and military aviation, not to mention employment opportunities.
Objectives The aim of the study is to find feasible solutions to revive the small aircraft production in Russia.
Methods The study draws upon the comparative analysis of operations of global small aircraft producers.
Results The analysis shows that they may be divided into three groups: large conglomerates, specialized companies producing a wide range of products, and small and medium-sized manufacturers. The study includes case studies demonstrating the directions where success in small aircraft business revival has already been achieved.
Conclusions and Relevance For United Aircraft Corporation, its involvement in the problems of small aircraft is an opportunity to diversify production and generate additional income, to get experience in designing and manufacturing for innovators, and to load idling production facilities. The successful cooperation of Rostec Corporation with Diamond Aircraft Industries, an Austrian company, is the second direction. The support to small domestic aviation companies (the Technoavia case) and cooperation with higher aviation schools and research institutes is the third direction. The fourth direction is the diversification of commodity and metallurgical corporations through the purchase of assets of small aircraft (the purchase of Aircraft Industries, a small Czech company, by the Ural Mining and Metallurgical Company).


Air cargo fleet of Russia

Sobolev L.B. Moscow Aviation Institute, Moscow, Russian Federation ( sobolevLB@yandex.ru )

Journal: Economic Analysis: Theory and Practice, #12, 2017

Importance The modern transport aviation consists of two segments, i.e. the military and civil transport aviation. In the military transport aviation market, Russia, by virtue of its status as one of the largest military nations, tends to maintain its presence in all aircraft categories (by lifting capacity). As for the civil air fright, Russia occupies a rather modest place because of a relatively small volume of international and domestic trade and weakness in all categories of civil aviation: long-range, regional and general aviation.
Objectives The purpose of the study is to analyze major trends in the development of global transport aviation markets.
Methods I compare the operations of international manufacturers of military and civil transport aviation in all segments of the transport aviation market by lifting capacity, identify general trends in individual segments, analyze the competition and prospects for Russia in these markets.
Results The paper shows how world producers have reacted to the changing demand for various types of aircraft over recent decades. The Russian aviation industry should also respond to changes in the demand for transport aircraft, otherwise the Russian air cargo fleet will have only foreign manufacturers' aircraft, as it has already happened in the air passenger market.
Conclusions and Relevance In fact, only OAO Ilyushin (a subsidiary of the United Aircraft Corporation) is currently implementing the Ilyushin-76 in-depth modernization project and other single option projects started at the end of the previous century and rejected due to their uncompetitiveness.


Wind power and the diversification of corporations in the military-industrial complex

Sobolev L.B. Moscow Aviation Institute, Moscow, Russian Federation ( sobolevLB@yandex.ru )

Journal: National Interests: Priorities and Security, #36, 2015

Importance The article discusses one of national power security issues within a medium and long period. Russia dramatically lags in wind power engineering and generation. Developing alternative energy sources is an issue of the national power security for Russia. Conventional sources of energy will be depleting within the coming decades. Even now they are actively explored in the Arctic regions, where the cost of resources will significantly appreciate, thus necessitating the polar tariffs. Wind power generation industry will be a brand new industry for Russia.
     Objectives The research attracts attention of top executives in the military-industrial complex of Russia to establishing the wind power industry as part of diversifying activities of corporations they lead.
     Methods I analyzed operations of companies manufacturing wind power generating installations and examined three possible scenarios for developing the wind power industry in Russia, i.e. endorsing leading foreign manufacturers of wind power generating installations, setting up joint wind power engineering ventures, creating absolutely domestic production using insufficiently utilized capacities of the aviation industry.
     Results The research illustrates the economic reasonableness and efficiency of using wind power installations and hybrid wind and diesel power installations in many remote areas of the Russian Federation.
     Conclusions and Relevance I conclude that if the development of alternative energy sources is further neglected, it will pose a threat to Russia's security. So, I suggest developing wind power generation in addition to the oil and gas industry and involve the existing corporations of the military-industrial complex for this purpose.


Horizontal integration or conglomeration?

Sobolev L.B. Moscow Aviation Institute (National Research University), Moscow, Russian Federation ( sobolevLB@yandex.ru )

Journal: Economic Analysis: Theory and Practice, #24, 2015

Importance The article shows that many world aerospace corporations use conglomerate mergers and acquisitions (M&A) to increase their financial stability. In this case, civil divisions of the corporations may be both high and low technological, but they should be highly profitable. The objects of the research are the largest aerospace companies of the USA, Japan and the Peoples Republic of China. All these companies undergo continuous restructuring. Through the M&A procedure, they create and abolish certain divisions to maintain competitiveness in the global markets. In Russia this experience is only at the stage of gaining momentum, but already created conglomerate companies exhibit higher growth in comparison with horizontally integrated companies.
     Objectives The aim of the study is to determine economic efficiency of Russian aerospace corporations' operations.
     Methods I performed the comparative analysis of the activity of the aerospace industry world leaders. It shows that these corporations actively use conglomerate mergers to increase their stability and improve economic parameters.
     Results The analysis demonstrates that in Russian conditions, it is necessary to more widely involve highly profitable businesses (petrochemistry, trade, finance, construction) in conglomeratic aerospace corporations.
     Conclusions and Relevance In conditions of the Russian aerospace complex restructuring, it is necessary to more widely involve highly profitable civil businesses in these corporations. This will allow increasing the corporations' contribution to R&D and to weaken pressure on the State budget. It is particularly relevant in modern conditions of budget revenue decrease from low oil prices and international sanctions. The national horizontally integrated corporations, having one or two new products and the limited sales market, can further increase their income at the expense of import substitution of equipment for oil-and-gas and power industries or software manufacturing.


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