The Ministry of Industry and Trade proposed to invest 1.8 trillion rubles in “competitive” domestic aircraft

The Ministry of Industry and Trade has developed a plan for creating a line of “competitive products of the aviation industry,” writes Kommersant with reference to the project passport.

The project provides for the production of 735 new civil aircraft by 2030 (in particular, the Il-114, MS-21 and Baikal), the supply of Sukhoi Superjet 100 and the development of five types of helicopters.

Thus, the Ministry of Industry and Trade hopes to ensure the purchase of Russian aircraft by state-owned airlines and increase the utilization of the civilian segment of the aviation industry to 80–90%.

The project will require about 1.84 trillion rubles. The main part of the funds – more than 1.59 trillion rubles – is planned to be attracted from the National Welfare Fund ( NWF ).

Experts interviewed by Kommersant consider both the financial component of the project and its schedule to be “overly ambitious”. “From the point of view of the budgetary process, the proposal of the Ministry of Industry and Trade shows that competition for funds from the liquidity part of the NWF, exceeding 7% of GDP, is in full swing,” says Karen Vartapetov, director of the Sovereign Ratings Group at S&P Global Ratings.KOMMERSANT

(C)MEDUZA 2021

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