Approx. $490 million to be invested in MS-21 project in 2014 - ministry
The Irkut MS-21 medium-range aircraft is a priority of the federal target program for the civilian aircraft industry, Director of the Industry and Trade Ministry's Aircraft Industry Department Andrei Boginsky said.
"Indeed, MS-21 is a priority of the civilian aircraft industry alongside the Sukhoi Superjet 100 regional plane. Approximately 17 billion rubles (over $489 million) will be allotted for the project this year. Overall investment will stand at some 164 billion rubles ($4.7 billion), half of which will come from the budget and the other half from off-budget funds," he told reporters at the Singapore Air Show 2014.
The investment will be made not only in the design of the aircraft but also in the arrangement of its production, the procurement of equipment and some other purposes, he said.
The Irkutsk Aircraft Plant has recently held a conference, Boginsky said. "I visited Irkutsk in October, December and this January and I can tell you that I have seen colossal dynamics and progress. Suppliers are already building units and components for the first two planes, one of which will fly and the other will be used for ground tests," Boginsky said.
The Irkut MS-21 program aims at the construction of a family of medium-range passenger aircraft. There will be three MS-21 models, in all: MS-21-200, MS-21-300 and MS-21-400 with the respective capacity of 150, 181 and 212 passengers in a single class arrangement.