Source link : https://london-news.net/surging-prices-of-russian-passenger-jets-reflect-struggles-to-break-free-from-boeing-and-airbus/
The prices of Russian-made passenger planes intended to substitute for Boeing and Airbus aircraft have soared, presenting a significant obstacle in Moscow’s ambition to establish an independent civil aviation industry.
Minutes from a Transportation Ministry meeting, acquired by the pro-Kremlin newspaper Izvestia, reveal that the costs of domestically manufactured planes have surged by 45 to 70% over the last two years, primarily due to increased production expenses and Russia’s continued reliance on foreign components.
The MS-21, a medium-haul, narrow-body aircraft that serves as Russia’s main competitor to Boeing’s 737 and Airbus’s A320, now carries a price tag of 7.6 billion rubles (approximately $96 million), a jump from its earlier cost of 4.3 to 4.6 billion rubles ($55-58 million) just a year ago.
The Il-114-300 turboprop, designed for regional travel, has seen its price nearly double to 2.6 billion rubles (around $33 million).
Additionally, the LMS-901 Baikal has experienced a price increase from 178 million rubles ($2.3 million) to between 315 and 320 million rubles ($4-4.1 million).
Rostec, the state-owned defense and aviation group, informed Izvestia that the original cost projections for these Russian aircraft were overly optimistic and did not take into account the current economic climate. The company pointed to escalating material and electronic costs as major contributors to the price increases.
A representative from Rostec mentioned that initial…
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Publish date : 2025-07-07 15:04:00
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