Yakovlev (formerly Irkut)

Aktivs

As of the end of 2023, the Yakovlev group includes:

• the production center of the same name in Komsomolsk-on-Amur,
• Irkutsk Aviation Plant,
• Aerocomposite,
• RAboard and
• RATA.

It produces Yak-152 training aircraft, is working on the creation of passenger MS-21, an import-replaced version of the Superjet 100.

Financial performance

2023: 5-fold loss reduction to RUB 5.3 bln

The net loss of the aircraft manufacturer Yakovlev at the end of 2023 amounted to 5.3 billion rubles, which is 5 times less than the monetary losses of a year ago (in 2022, losses amounted to 26.5 billion rubles). This is evidenced by data in accordance with international financial reporting standards (IFRS), which were released at the end of April 2024.

The loss from the operating activities of PJSC Yakovlev in 2023 turned out to be equal to 8.3 billion rubles, which is 4 times less than such a loss a year earlier. As noted by the publication "Finmarket," revenue, cost of sales, the volume of state subsidies received, debt obligations and a number of other financial indicators are not disclosed in the report with reference to the decisions of the Government of the Russian Federation of 04.07.2023, N1102 of 28.09.2023. N1587.

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Since the beginning of commercial operation, the Superjet-100 fleet of aircraft by November 2023 spent more than 1.4 million flight hours in the air. In total, over 820 thousand take-off and landing cycles were completed and about 40 million passengers were transported, Yakovlev PJSC reported earlier^[1]

As reported on the Yakovlev website, by the end of 2023, the company had developed more than 100 production aircraft and produced more than 8 thousand of them. The company employs more than 20 thousand people throughout Russia, and its geography of presence is measured in nine regions of the country.

History

2023

Agreement with Aeroflot on joint software development

On September 12, 2023, Aeroflot and Yakovlev entered into an agreement under which the companies agreed to create domestic services and digital solutions to increase the efficiency of the operation of Russian aircraft and automate the process of their maintenance.

In particular, the companies intend to jointly use special software for processing flight information from on-board registrars, including the functions of statistics and trend analysis of data. It is also planned to work together to create domestic services and digital solutions to increase the efficiency of the operation of Russian aircraft and automate the process of their maintenance. Special attention in the agreement is paid to increasing the comfort of Aeroflot passengers through the integration of onboard entertainment systems into aircraft, including satellite communication systems.

General Director of PJSC Yakovlev Andrei Boginsky and General Director of PJSC Aeroflot Sergey Alexandrovsky signed an agreement on cooperation of companies in the development of digital aviation technologies and solutions

In addition, digital transformation projects, training in the field of information technology, as well as the development of joint training and personnel development programs are identified as promising areas of cooperation.

We strive to constantly maintain the high competitiveness of the manufactured aircraft. To keep up with the times, you need not only your own developments, but also to work together with our partners to ensure that our products fully meet customer requirements. The agreement signed today confirms our intentions to strengthen mutually beneficial cooperation with the Aeroflot group on the basis of domestic software solutions and technologies, - said Andrey Boginsky, Deputy General Director of PJSC UAC for Civil Aviation, General Director of PJSC Yakovlev.[2]

Company name change to Yakovlev

At the end of July 2023, Irkut Corporation announced the change of name to Yakovlev. The decision was made taking into account the growth of geography and competencies of the company in the field of civil aviation in recent years, the press service of the aircraft manufacturer explained.

2014: Irkut Corporation's revenue exceeds $1.7 billion

Despite the changed economic situation and a significant depreciation of the exchange rate ruble , the revenue of Irkut Corporation for 2014 years exceeded $ 1 billion 700 million. USA The company's net profit in 2014 amounted to $1,881 thousand. UNITED STATES.

Irkut Corporation continues to develop an investment project to create a new MS-21 aircraft. All necessary investments for this project (investments and financing of development work) in 2014 were made in full in the amount of $137 million (in 2013 - $130 million).

According to the results of 2014, a positive operational flow was shown, which made it possible to keep debt at the level of 2013. This was achieved against the background of an active investment program and significant investments in working capital associated with the increase in defense production.

2011: The main product of Irkut Corporation is combat aircraft of the Su-30 family

Irkut Corporation is the leader among Russian aircraft manufacturers. The corporation by this time united the leading domestic manufacturers and developers in the field of aircraft industry:

• Irkutsk Aviation Plant,
• Taganrog Aviation Scientific and Technical Complex named after G. M. Beriev,
• OJSC "OKB named after A.S. Yakovleva,"
• CJSC BETA IR, etc.

The main product of the Irkut corporation is combat aircraft of the Su-30 family. The company is the lead executor of the Su-30MKI production program for the Indian Air Force. As part of the diversification of its product range, the corporation also develops and manufactures Yak-130 combat training aircraft, unmanned aerial vehicles, components for passenger airliners of the Airbus family. Recently, the corporation has been actively working on the creation of a new passenger aircraft MS-21. Over the past five years, the company's revenue has doubled, exceeding $1.6 billion in 2010 and 2011. The corporation accounts for over 15% of the Russian arms export market.

2009: Third of UAC revenue and 15% of Russian arms exports

Irkut Corporation provides a third of the revenue of the United Aircraft Corporation and over 15% of arms exports of the Russian Federation. In 2008 and 2009. The Ministry of Industry and Trade of the Russian Federation named the enterprise "The Best Exporter of the Year" in the nomination "Aircraft Construction." Over the past 3 years, the company's revenue under IFRS increased by 35% and in 2009 exceeded $1.3 billion. The order portfolio is over $6.9 billion.

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