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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, Aug. 20


AmCham gets back to business after a summer hiatus with todays EHS Committee Working Group Meeting. Check their website for more details.



Thursday, Aug. 21


Time is running out to see the fantastic creations on display at the 2014 Sand Castle Festival on the beach at the Peter and Paul Fortress. Adhering to the theme of Treasure Island, visitors can wander amongst larger-than-life interpretations of pirate life or attend one of the workshops held to educate a future generation of sand artists. The castles will remain on the beach until Aug. 31.



Friday, Aug. 22


Get ready to pledge allegiance to the flag during National Flag Day, paying tribute to when, 23 years ago today, the iconic hammer-and-sickle was replaced with the tricolor that now flutters in the wind. Petersburgers will be treated to a free concert on Palace Square, a military parade and a culminating air show featuring Russias Russian Knights stunt pilots.



Saturday, Aug. 23


Uppsala Park plays host to Fairy Noon today, a performance of five separate fairy tales ranging from folk classics to more haunting selections. There will be three different renditions of the tales throughout the day and tickets start at 500 rubles ($13.80) for adults and 300 rubles ($8.30) for children.


Classic Finnish cartoon characters the Moomins expect to receive a warm welcome from Russian fans during todays Moomin Festival at the Pearl Plaza Shopping Center at 51 Petergofskoye Shosse. Become a kid again or introduce a new generation to the beloved creation of Finnish writer Tove Jansson.



Sunday, Aug. 24


The tortured genius of Dutch master Vincent van Gogh gets his day in the centers Konnushnaya Ploschad during Make Art Like Van Gogh, a daylong celebration of the artist that will allow amateur artists to try and replicate the work that made the famed painter world-renowned.


Experience a variety of dances highlighting the diversity of the world around as at the final day of the Ethno-Dance International Dance Festival that has been at the St. Petersburg Humanitarian University of Trade Unions this past week. Tonights performance will feature Egyptian dancers accompanied by local orchestras.



Monday, Aug. 25


Today kicks off the Elena Obraztsovoy International Competition for Young Vocalists in the large hall of the Shostakovich Philharmonic. Talented youngsters will showcase their range over the next six days before a winner is chosen on Aug. 30.



Tuesday, Aug. 26


Love movies but hate all those words? Then check out Rodina Cinema Centers Factor of Consensus film forum this evening. Silent movie classics from the beginning of the 20th century will be screened and accompanied by a pianist, who will provide the soundtrack for the ongoing action. The screenings begin at 7 p.m. Check Rodinas website for more details.



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