Billionaire Mikhail Prokhorov is thinking of launching a Yo-jet after he puts Yo-mobile in production.

      Speaking to residents of Zhukovsky, a town near Moscow that has been the hub of aviation-related R&D for decades, he said planes could be the next industry he will plough his investment to bring it on par with Western standards.

      Prokhorov arrived in Zhukovsky as head of the Civil Platform political movement to support their candidate for the mayor's office.