Mishustin instructs Rostec to develop financial model for aircraft deliveries, including fuel subsidies

MOSCOW. Aug 5 (Interfax) - Prime Minister Mikhail Mishustin has tasked Rostec CEO Sergei Chemezov with submitting proposals for a financial model of aircraft deliveries to airlines, including consideration of fuel subsidies.

"The financial model - meaning the terms that manufacturers will then offer airlines for purchases - should be comparable. This needs to be done while also accounting for the macroeconomic situation. I think it would be good if we could thoroughly work out this model and present it, perhaps subsidizing fuel costs or other aspects. We need to discuss all this within the government. And I would ask you, as the professional handling this matter, to submit your proposals," Mishustin said during a meeting with Chemezov.

The production plans for Russian aircraft are outlined in the Comprehensive Program for Aviation Industry Development through 2030 (CPAID). Adopted in 2022, the program has undergone revisions twice. The current public version of the CPAID envisages the production of 994 civilian aircraft by 2030, including 592 units manufactured by Rostec-controlled PJSC United Aircraft Corporation (142 SJ-100s, 270 MC-21s, 51 Il-114-300s, 115 Tu-214s and 14 Il-96-300s).

In mid-July, the government reviewed proposals for updating the CPAID. According to Industry and Trade Minister Anton Alikhanov, the ministry planned to discuss "issues related to resolving production capacity bottlenecks, determining required production volumes and model ranges," as well as new financial schemes for aircraft deliveries.

The program might be adjusted "according to airlines' plans and capabilities," Chemezov said earlier this year. He told journalists that at minimum, UAC enterprises should produce 200 aircraft by 2030.