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Russia to offer fleet renewal grants.

RUSSIA'S DEPUTY Minister of Transport, Valery Va·lé·ry   , Paul Ambroise 1871-1945.

French poet known for his dramatic dialogues, such as La Jeune Parque (1917), and symbolic works, including Le Cimitière Marin (1932).
 Okulov, has reportedly pledged to award domestic and regional carriers up to $60.8 million in grants as part of an ongoing fleet renewal exercise. The announcement followed a meeting in Khabarovsk to discuss the development of air transport in the far east of the country; the region is expected to be one of the hardest-hit by the government's recent decision to ban Antonov Antonov, or Antonov Aeronautical Scientific/Technical Complex (Antonov ASTC) (Ukrainian: Авіаційний  An-24s from operating scheduled services. Furthermore, it is estimated that 50% of the region's Yakovlev Yak-40 fleet will be retired by 2015, creating a major shortfall in the 55-seat air transport sector. Mr Okulov commented: "The subsidies for fleet renewal of the regional airlines are stipulated in the budget for 2012, 2013 and 2014. The amount of subsidy subsidy, financial assistance granted by a government or philanthropic foundation to a person or association for the purpose of promoting an enterprise considered beneficial to the public welfare.  available in 2012 is $60.78 million, and this is expected to increase annually to $76.8 million by 2014." He added that the subsidy would be used to pay the initial deposits on new aircraft (around 12-15% of the total cost), while the remaining balance would be co-financed between the local authorities and the carriers.
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Title Annotation:AIRLINE SECTION
Publication:Airports International
Date:Jan 1, 2012
Words:184
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