Russia's Aviation Industry Gets Financial Boost with New Government Model

Russian President Vladimir Putin announced that the government has developed a financial model to support the country's aviation industry. Speaking at a meeting on the development of the aviation sector, Putin emphasized the need to invest in the production of aircraft and encouraged discussion on cooperation in areas such as engine manufacturing, components, and materials. The president noted that significant funds have already been invested in the development of aviation technology, and it is essential to translate these investments into tangible results, such as the production of competitive aircraft. Putin also highlighted the importance of cooperation in the production of engines, components, and other materials, stating that this is a key aspect of the industry's development. The Russian government has been working to optimize the production costs of domestic aircraft, including the SJ-100 and MS-21 models, by attracting alternative suppliers and improving manufacturing efficiency. The production of these aircraft is already underway at several Russian factories, with the goal of delivering them to airlines after completing certification tests and obtaining approval from the aviation authorities. The new financial model is expected to provide a boost to the industry, enabling companies to work more efficiently and produce high-quality aircraft that can compete in the global market.