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Russia cuts funds for civil aviation: -22% for purchase and maintenance of airplanes and helicopters
But the short-term impact is minimized due to delays in the delivery of new Russian aircraft
The Russian Government is set to make a significant cut in funding for civil aviation programs, with subsidies expected to be cut by nearly a quarter. According to Russian media, including the financial daily "Kommersant", the changes to the federal budget, if approved, will reduce funding for the purchase and maintenance of Russian-made airliners and helicopters from 101.2 billion rubles (about $1...
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AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency