- Feb. 27, 2013 -
An influential factor driving this initiative is the debt crisis in Europe and the US, and the fear of a potential ripple effect on Russia. Plans were announced by the Government in October 2011 to build a network of regional airports and revitalise short-haul air travel across the country. Proposals were also mooted to extend the nation's airport system beyond large cities and subsidise air travel to and from Russia’s Far East regions. Furthermore, airlines were set the task of replacing outdated aircraft with newer models, which effectively means replacing older Russian variants with newer Boeing and Airbus models.
In recent years, the Government had been making outlays for aerospace of just RUB1 billion per annum. The new plans in 2011 set out investment of RUB41 billion (USD1.35 billion) to upgrade airports – although this might also be expected to emanate from the private sector. A further RUB2 billion (USD65.6 million) was allocated in 2012 to subsidise leasing rates for mid-range aircraft.
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