ANNOUNCED AS TEMPORARYNo
Capital injection and equity stakes (including bailouts)
On 18 December 2017, the Russian Ministry of Industry and Trade disbursed 1.8 billion (USD 30.7m) rubles in a subsidy to United Engine Corporation for R&D into the PD35 aircraft engine prototype.
The subsidy was formalized with the Russian Government (Agency for the Management of State Property) buying shares in the United Engine Corporation, with a condition that the funds will be allocated to the PD35 engine project.
PD35 engine is set to be fully built by 2023-25 and power the CR929 wide-body aircraft, also currently developed by the Sino-Russian China-Russia Commercial Aircraft International Corporation (CRAIC), a joint venture between Comac and United Aircraft Corporation.
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