United Aircraft Corporation promised $1.7bn cash injection

United Aircraft CorporationRussia’s largest aircraft manufacturer, the United Aircraft Corporation is to be given an RUB 100bn ($1.7 billion) capital boost from the government to stimulate production of passenger airliners, President Vladimir Putin announced on Friday. The move comes as Russia looks to reduce tits dependence on imported aircraft and to rebalance the aviation industry away from military orders that are increasingly dominating Russia’s aircraft manufacturing sector because of its ongoing multibillion-dollar rearmament program.
While UAC has had some success in producing and exporting military equipment, its flagship Sukhoi SuperJet 100 has struggled to compete with the Boeing and Airbus planes even in its own domestic market; last year, UAC delivered just 37 civilian airliners, compared to 124 military aircraft.