ANNOUNCED AS TEMPORARYNo
Interest payment subsidy
With Decree No. 648 of 9 July 2016, the Russian Government approved rules for granting of subsidies to Russian aircraft servicing companies and to Russian aircraft manufacturers who have a servicing division. The servicing companies ensure smooth operation of the airline fleet by providing technical inspection, maintenance, repair, and staff training services.
The subsidies reimburse 90% of the costs incurred in the payment of interest on loans, related to the purchase of spare parts, software, technical documentation, and equipment, as well as the construction and maintenance of servicing facilities.
The subsidies are to be allocated under the sub-programme "Aeroplane manufacturing" of the state program "Development of the aircraft industry for 2013-2025".
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