The government has allocated funds for the modernization of production aircraft Il-96-400M

© Photo : JSC «Aviation complex. S. V. Ilyushin»Il-96-400. Archive photoThe government has allocated funds for the modernization of production aircraft Il-96-400M© Photo : JSC «Aviation complex. S. V. Ilyushin»

The Cabinet of the Russian Federation decided to allocate JSC «United aircraft Corporation» 1.32 billion rubles for reconstruction and technical re-equipment of production for the manufacture of aircraft Il-96-400M, the corresponding document posted on the website of the Cabinet.

«To provide a public joint stock company «United aircraft Corporation» budget investments at the expense of means of the Federal budget of $ 1320000 in the form of a contribution of the Russian Federation in the authorized capital of the Corporation in view of the subsequent granting by the Corporation of capital contribution in a subsidiary of public joint stock company «Voronezh aircraft joint-stock company» on implementation of the society of capital investments in the capital construction object «Reconstruction and technical re-equipment of production for the manufacture of the Il-96-400M», — the document says.

In reference to the document stated that the project for the creation and organization of production of the upgraded Il-96-400M is implemented in 2016. For its implementation was allocated budget in the amount of 5,995 billion. Expected value of the object of capital construction — 1.47 billion rubles. The term of input of object in operation — in 2020.

It is noted that the allocation of funds will allow for the organization of serial production of the Il-96-400M by reconstruction and technical re-equipment of production facilities of JSC «VASO», will improve transport accessibility for the population while reducing dependence on purchasing foreign aircraft.

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