The Russian flag carrier will lease the domestically produced jets at special rates from Rostec subsidiary.

It is no secret that Russian aviation, following the sanctions levied against the country following its war of aggression on Ukraine, is in a bit of a pickle when it comes to fleet management and maintenance. However, its aircraft manufacturing industry has a newfound zeal when it comes to coming up with domestic alternatives.

At a meeting with President Vladimir Putin on Wednesday, January 11, Russia’s Deputy Prime Minister and Head of the Ministry of Industry and Trade, Denis Manturov, stated that Aeroflot is planning to take more than 60 new aircraft in the next few years. The exact details for planes to be delivered to the state-owned airline are 34 Sukhoi Superjets, 18 Irkut MC-21s, and 11 Tupolev Tu-214, totaling 63 jets.

The new aircraft will be financed by the National Wealth Fund (NWF) at a sum of 175 billion rubles (approximately $2.6 billion). The money will be provided with a reduced interest rate of 1.5% and “without excessive payback requirements” due to the “strategic importance” of the project.

As reported by state-run news agency TASS, Mr Manturov stated at the meeting that,

“The Ministry of Economic Development is preparing appropriate changes to the regulatory framework. As soon as this work is completed in the near future, the Ministry of Finance will…