Tuesday, September 23, 2014
 
Follow sptimesonline on Facebook Follow sptimesonline on Twitter Follow sptimesonline on RSS
MOST READ



PARTNER NEWS



BLOGS



OPINION



WHERE TO GO?

The Romanovs in St. Petersburg

History of St. Petersburg Museum

Small Tragedy, Fatal Passion

Rimsky-Korsakov Apartment Museum

 

  Print this article Print this article

Aviation Takes Off With $28Bln

Published: May 23, 2014 (Issue # 1812)



  • The government hopes Russia will become one of the top three aircraft manufacturers by 2025.
    Photo: Vladimir Filonov / Fotoimedia

The government plans to funnel $28 billion into Russias aviation industry in order by 2025 to haul Russia up into the worlds top three aircraft manufacturers, according to an industry support plan unveiled last week.

Under the program, designed by Industry and Trade Ministry plan and approved by the cabinet, the government will invest 714 billion rubles ($20.5 billion) of state funds into the aviation industry through 2025, while a further 277 billion rubles ($7.9 billion) are to come from private pockets, according to a document published on the ministrys website.

Over 3,000 airplanes and 5,500 helicopters should roll off production lines between 2013 and 2025, the plan said.

The goal is to increase Russias global market share of civil aircraft production to 3.2 percent in 2025 from 0.6 percent in 2011. In the civil helicopter industry, the program seeks to elevate the countrys share over the period to 12 percent from just over 6 percent; in aircraft engines to 1.4 percent from 0.4 percent. By 2025, Russia should be making almost 13 percent of the worlds military aircraft engines, up from the current 6.7 percent.

Russia will have to compete with established Western producers in order to meet those targets. The top three civil aircraft producers are currently France-based Airbus, U.S. Boeing and Canadas Bombardier. The big names in military aircraft industry are Lockheed Martin, Northrop Grumman, Boeing and EADS, all but the last coming from the U.S.

If the government thinks that Russias civil aviation will be able to seize a bigger share of the market, Russian-made military airplanes sales will lose ground to foreign competitors. The ministrys program foresees aircraft sales falling to just under 11 percent of the global market from 17 percent in 2011. Military helicopter sales will slip to 16.5 percent from almost 23 percent in 2011.

The program also envisages development of a sound scientific base for researching aircraft technology and aims for Russia to seek further participation in international aviation research initiatives.





 


ALL ABOUT TOWN

Tuesday, Sept. 23


Marina Suhih, Director of the External Communications Department at Rostelecom North-West, and Yana Donskaya, HR Director for Northern Capital Gateway are just some of the confirmed participants of todays round table discussion on Interaction with Trade Unions being hosted by SPIBA. Confirm your attendance with SPIBA by Sept. 22.


Kino Expo 2014, an international film industry convention, will be at LenExpo from today until Sept. 26. The third largest exhibition of film equipment in the world, the expo focuses on not only Russia but former Soviet republics as well.



Times Talk