Airbus plans to completely abandon the use of Russian titanium within a few months, said Airbus Defence and Space CEO Michael Schollhorn. Сoncern has increased its purchases of titanium from the U.S. and Japan. However, certification of new metal suppliers may take years due to strict aerospace industry standards.

VSMPO-AVISMA Corporation announced that they are discontinuing the six-month moratorium on bankruptcy which was put in place by the Government of the Russian Federation as of April 1, this year. Rejection of the moratorium will allow the company to retain the right to pay dividends or conduct share buyback.

Titanium producer VSMPO-AVISMA is studying the possibility of raw material extraction in Russia. Earlier the corporation purchased it in Ukraine. Now supplies come from African countries and Vietnam. The company displays its keen interest in obtaining the right to use Tsentralny Zirconium Titanium deposit in Tambov Region, Rosnedra press service informed RBC...

Airbus will continue buying titanium products from VSMPO-Avisma in spite of the Western sanctions against Russia. The aviation company receives almost 50% of titanium from Russia for the production of its aircrafts.