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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

Wednesday, Sept. 3


Although the Peter and Paul Fortress sand sculptures are more central and therefore more visible to the throngs of tourists, the 300th Anniversary Park of St. Petersburgs own collection closes today. The World Collection of Sand Sculptures that have been on display at the park reaches its final day, so fans of the classic beach activity should get there while they can.



Thursday, Sept. 4


Vladimir I. Danchenkov, Head of Baltic Customs, will be in attendance during AmChams Customs and Transportation Committee Meeting convening this afternoon at the organizations office near St. Isaacs Square at 3 p.m.



Friday, Sept. 5


Scrabble lovers and chess masters get their chance to assert their intellectual dominance at the return of the British Book Centers Board Game Evenings tonight. Held weekly on Friday nights, the event gives both board game lovers and those hoping to improve their English the chance to meet, greet and compete. Check out the centers VK page for more details.



Saturday, Sept. 6


Athletes will relish the chance to get the latest gear and try out something new at I Choose Sport, an annual event at Lenexpo forum that plans to welcome more than 30,000 people this week to the international exhibition center. Not only will visitors get to try their hand at various athletic endeavors but they will also be able to peruse equipment that can fulfill their dreams of becoming a champion.


Local KHL team SKA St. Petersburg open their season this evening at home against Lokomotiv Yarovslavl at the Ice Palace arena next to the Prospekt Bolshevikov metro station. See their website for a full schedule and available tickets.



Sunday, Sept. 7


Check out retro and antique cars at Fort Konstantin on Kronstadt Island in the Gulf of Finland at FORTuna, a yearly car festival that highlights the eccentricities of the Soviet automobile industry. A car race, contests and a stunt show will give visitors a chance to rev their engines.



Monday, Sept. 8


This evening marks the opening of the two-week ballet festival High Season at the Mikhailovsky Theater. Check the theaters website for more details about performances and featured dancers.



Tuesday, Sept. 9


Discuss the latest news and issues at the AmCham Hazardous Waste Management Roundtable this morning in the Tango Conference Hall of the Sokos Hotel Palace Bridge on Birzhevoy Pereulok. Starting at 9 a.m., planned topics include the Krasny Bor landfill and waste transportation between Russia and Finland.


Learn more about the citys modern architectural trends at the SPIBA Real Estate and Construction Committees meeting on the topic Contemporary Petersburg Style: What is It? Participants will get the chance to discuss whats in-demand with RBI Holdings Irina Petrova and Lubava Pryanikova, and the current state of the local real estate market. Please confirm your attendance by Sept. 5 through SPIBAs website if you wish to attend.



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