Russian government cuts civilian aviation development program

Total financing for the 2006-2015 program was lowered from $5.9 billion to $5.8 billion

 Russia has amended the federal target program on civil aviation development in 2002-2010 and until 2015, slashing a whole number of targeted figures for this year, according to the government’s resolution posted on the legal information web portal on Monday.

The sale of ready-made aircraft and helicopters was cut to 107.6 billion rubles ($1.6 billion) to 75.2 billion rubles ($1.1 billion) while the sale of aviation engines was slashed from 48.4 billion rubles ($0.7 billion) to 13.5 billion rubles ($0.2 billion).

Commercial deals for the export of technologies and technical services were cut from 5.3 billion rubles ($80 million) to 1.5 billion rubles ($23 million).

The annual sales of long-haul airliners and regional planes, as well as Russian-made helicopters were reduced from 83 to 41 aircraft in 2015.

Total financing for the 2006-2015 program was lowered from 388.6 billion rubles ($5.9 billion) to 383.8 billion rubles ($5.8 billion), according to the government’s resolution.