00:00Russia's aviation industry is crashing, and it's not just turbulence, it's a full-blown disaster.
00:05Over 30 airlines are on the brink of bankruptcy as Western sanctions tighten their grip.
00:11With debts piling up and foreign aircraft leases unpaid, the industry is spiraling down.
00:17Even a massive 65 million pounds turbine engine plant planned in St. Petersburg
00:22has been scrapped before construction even started.
00:25Russia's efforts to replace Western jet parts have failed,
00:28slashing engine production goals by half.
00:31Meanwhile, sky-high inflation and interest rates at a staggering 21% are crippling businesses.
00:37With Moscow's aviation sector in freefall, is this the beginning of Russia's economic collapse?
Comments