Understand the impact of the Ukraine conflict from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict
The Russian Government is reportedly planning to spend RUR770bn ($14.4bn) to increase local production of aircraft amid Western sanctions following its invasion of Ukraine.
Go deeper with GlobalData
By the end of the decade, the country aims to manufacture nearly 1,000 new, locally built aircraft for Russian airline companies, reported Reuters.
It intends to manufacture MS-21 medium-haul aircraft on a large scale, using some foreign components, as well as a few Soviet-designed Tu-214 aircraft.
Since the start of Moscow’s war on Ukraine, many countries, including the US, Canada and the UK as well as other countries in Europe, have closed their skies to Russian airlines.
See Also:
In March, companies that included Embraer, Boeing and Airbus stopped supplying aircraft parts to Russia. Some countries, including China, also stopped parts supply. Additionally, leasing companies decided to confiscate Russian aircraft.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe plan to produce aircraft domestically is aimed at overcoming these hurdles.
Notably, Russia also passed a law allowing leased foreign aircraft to be registered domestically in March.
Deputy Prime Minister Yury Borisov was quoted by Reuters as saying: “The share of domestically produced aircraft in the fleet of Russian airlines should grow to 81% by 2030.”
