Russian Sukhoi Superjet costs $ 33 ​​million, and MS-21 and Tu-214 cost $46 million each

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Frontier India News Network
Frontier India News Network
Frontier India News Network is the in-house news collection and distribution agency.

n January 11, Russian Prime Minister Mikhail Mishustin gave his approval for an investment proposal that involved the preferential leasing of Russian aircraft. The price of a brand new Sukhoi Superjet aircraft manufactured in Russia for the Aeroflot Group will start at 2.256 billion rubles, which is equivalent to $33 million. The initial cost of the MS-21 and the Tu-214 is 3.144 billion rubles, which is equivalent to $46 million at the current currency rate.

As part of the programme, the Rostec subsidiary Aviacapital-Service will purchase 63 aircraft (34 Superjet New, 18 MS-21-310, and 11 Tu-214) between December 2023 and January 2026 and then transfer them to the Aeroflot company. According to the project dossier that was made public, the price of the Superjet would go up by 9.2%, reaching 2.464 billion rubles (including VAT), while the price of the MS-21 and the Tu-214 will go up by 4.5%, reaching 3.285 billion.

A grand total of 175,4 billion rubles (about $25.5 billion) will be spent on the aircraft. This payment’s whole amount will be withdrawn in its entirety from the National Welfare Fund (NWF). Bonds issued by Aviacapital-Service with a coupon rate of 1.5 per cent per year will be purchased by the Ministry of Finance. The principal obligation incurred as a result of the bonded loan needs to be repaid no later than 18 years after the delivery of the final aircraft to Aeroflot or prior to the beginning of the year 2044, whichever comes first.

Deputy Prime Minister and Minister of Industry and Trade Denis Manturov stated that the project for the delivery of these aircraft to Aeroflot was “completely approved” at a January 11 meeting between President Vladimir Putin and the government. To provide a comprehensive policy for the development of the aviation industry, it is proposed to use different pricing for the supply of aircraft to other carriers. According to him, the aviation sector is prepared to complete this duty because “all capabilities are filled for both this year and next year.”

But at some enterprises, there are still no orders for aircraft, even for 2023, Putin noted. “What are you, really, playing the fool? When will the contracts be? <…> Directors of enterprises tell me: there are no contracts. And you have “everything set up,” Putin said. Manturov promised to resolve the issue within a month.

The company that produces aircraft and has its headquarters in Komsomolsk-on-Amur anticipates installing a local PD-8 engine on Sukhoi Superjet New (SSJ-New) aircraft in the month of March 2023.

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