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MAKS-2013 aerospace show attracts a growing number of buyers

August 28, 2013, 11:34 UTC+3

Several major agreements signed at the event

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The first day of the international aerospace show MAKS in Zhukovsky, Moscow Region, evoked a keen interest of the business public, the Internet edition reported.

Prime Minister Dmitry Medvedev was the top official attending the aerospace show instead of President Vladimir Putin, who traditionally visited MAKS. Medvedev promised to provide governmental support to the aerospace industry.

In his speech Medvedev estimated the revenues of Russian aircraft manufacturers at one trillion rubles (about $30.3 million) and named state support as one of the key conditions for development of the modern industry.

The United Aircraft Corporation reported total order volume of $7.7 billion dollars after the first day of the aerospace show.

The largest agreement of the United Aircraft Corporation became a 3-year contract for aircraft maintenance for the Russian Defense Ministry, at the cost of 85 billion rubles (about $2.6 billion).

Fulfillment of the contract will allow “to substantially increase combat readiness of military combat and transport airplanes, which are in service,” the United Aircraft Corporation pledged.

Helicopters of Russia, which is incorporated in the Russian Technologies Corporation, signed several foreign contracts, including one for the delivery of ten helicopters to Colombia.

Foreign participants of the aerospace show, who took part in the event in former years, told  that they hoped to sign contracts with Russian partners, as, in their view, the Russian market, including the civilian aviation market, is growing and becoming more promising.

According to the estimates of the U.S. company Boeing, which delivers up to 60% of Russian aircraft fleet, in the next 20 years Russian and CIS airlines will need 1,170 new airplanes at a total cost of $140 billion. Currenty the fleet of air carriers in Russia and the CIS states numbers 1,130 aircrafts. Growth rate of air trasnportation, according to the estimates of the U.S. company, is 4.5% per year.

Another signed greement was to create a new technology park Ramenskoye, which will become the largest one in Moscow Region. The Russian Venture Company and the Bank of Development of Foreign Economic Activity (Vnesheconombank), the state-run corporation Russian Technologies and the government of Moscow Region concluded an agreement on cooperation regarding implementation of the project. Vnesheconombank will allocate up to 30 billion rubles (about $909.09 million) of investment in the development of the infrastructure (offices and housing) of the techno-park, the Russian Venture Company will allot its funds and experts for venture investment, Russian Technologies will relocate its organizations to the technology park and Moscow Region will allocate a land plot of 100 hectares. The agreement was signed in the presence of Prime Minister Dmitry Medvedev.

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