Over 4,500 aircraft yo appear in Russia by 2025
Russia is planning to manufacture more than 4,500 civilian and military aircraft by 2025, worth $250 billion, the head of the Russian aircraft manufacturing mega-holding said Wednesday.
"We are planning to build over 4,500 aircraft, both civilian and military, under contracts totaling $250 billion [by 2025]," said Alexei Fyodorov, general director of the United Aircraft Corporation (UAC).
UAC is a majority state-owned corporation consolidating aircraft-building companies and state assets engaged in the manufacture, design, and sale of military, civilian, transport, and unmanned aircraft.
According to Fyodorov, the Russian aircraft industry will shift the future focus from manufacturing military aircraft to building civilian planes, including passenger planes and heavy transport aircraft.
"While the current manufacturing ratio is seven military aircraft to every civilian aircraft, by 2025 we will be making two civilian planes to each military plane," the official said.
Fyodorov, who also heads Russia`s MiG corporation, said by 2025, Russia will be producing about 300 civilian aircraft, 100 transport and special-purpose planes and 100 military aircraft every year.
UAC has also determined the forms and the amount of direct annual investment into Russia`s aircraft manufacturing industry for the next three years.
"We have decided to make a direct annual investment in the aircraft industry to the amount of 6 billion rubles ($235 million) during 2008, 2009, and 2010," Fyodorov said.
The state will also contribute to the development of the industry with subsidies worth billions of rubles allocated directly to aircraft manufacturers rather than air carriers as it used to be in the past.
UAC, which was formed in 2006 to help overcome the crisis in Russia`s aircraft industry, incorporates many of the country`s best-known aircraft builders, including Mikoyan, Ilyushin, Irkut, Sukhoi, Tupolev, and Yakovlev, and other enterprises in the industry.
Fyodorov said the holding would finalize the strategy for the development of Russia`s aircraft manufacturing industry by the end of 2007.
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