Did Russia destroy Ukraine's Antonov AN-225, the world's largest plane?


Ian Oxborrow
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The world's largest plane, the Antonov AN-225, is being inspected after coming under attack from Russian forces in Ukraine.

Ukraine's state-owned defence conglomerate Ukroboronprom said the unique aircraft, known as Mriya, was destroyed at the Antonov Airport in Gostomel, near Kiev.

"The occupiers destroyed the airplane, but they won’t be able to destroy our common dream," the group said in a statement. "Mriya will definitely be reborn. The restoration is estimated to take over $3 billion and over five years."

A satellite image shows a damaged hangar at the Antonov Airport in Gostomel, Ukraine on February 27, 2022. Photo: Maxar Technologies / via Reuters
A satellite image shows a damaged hangar at the Antonov Airport in Gostomel, Ukraine on February 27, 2022. Photo: Maxar Technologies / via Reuters

Ukrainian Foreign Minister Dmytro Kuleba confirmed the attack on the Antonov, while satellite images showed damage to a hangar at the airport.

However, the Antonov Company has yet to write off the 84-metre-long aircraft.

It said on Twitter: "Currently, until the AN-225 has been inspected by experts, we cannot report on the technical condition of the aircraft. Stay tuned for further official announcement."

The airport has witnessed violent clashes since the start of Russia's invasion, launched by President Vladimir Putin on Thursday.

Antonov AN-225's role in aviation

With its six engines, 32 wheels and wingspan that matches the length of a football pitch, the Antonov AN-225 has claimed 242 world records since it started flying in 1988, according to Antonov Airlines.

Its role in the aviation industry took on greater significance amid the coronavirus pandemic, as it delivered tonne after tonne of vital aid to countries worldwide.

The Mriya ("dream" in Ukrainian) entered commercial service in 2001 and was originally developed to transport the Energiya carrier-rocket and Buran space shuttle.

The aircraft could carry a maximum payload of 250,000 kilograms, and had a wingspan of 88m. Its size meant it could fit a helicopter or haulage lorry inside.

The next biggest commercial airliner is the Boeing 747-8F, which can handle up to 150 tonnes. Sandwiched between is the AN-124, which can handle up to 150 tonnes but has a single deck, in contrast to the 747-8F which has both the main deck and lower cargo hold.

The Airbus BelugaXL, shaped like a whale and complete with a smiley face, is actually bigger than the Antonov in one respect: at 63m long and 8m wide, it has the largest cargo bay cross-section of all existing cargo aircraft.

More on the Ukraine-Russia crisis

Tearful appearance

Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday. 

Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow. 

She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.

A spokesman said her upset demeanour was due to a personal matter.

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
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The Gandhi Murder
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Like a Fading Shadow

Antonio Muñoz Molina

Translated from the Spanish by Camilo A. Ramirez

Tuskar Rock Press (pp. 310)

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%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ETerra%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Hussam%20Zammar%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Mobility%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-seed%20funding%20of%20%241%20million%3Cbr%3E%3C%2Fp%3E%0A

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Updated: February 28, 2022, 8:11 AM