The MS-21 aircraft production programme will be unprofitable until 2035 at the current announced price for this aircraft, according to Andrei Klepach, chief economist of VEB.RF, head of the expert council on diversification of the military-industrial complex and import substitution under the Import Substitution Commission. He made this forecast at the Eurasian Aerospace Congress, Interfax reported.
“All estimates show that there will be no high returns here. If we take the same MS-21 programme, at the current price, which is planned, there will be losses there until 2035. Even if we reduce the cost of production by more than 30 per cent,” Klepach said.
Overall, the aerospace sector in Russia, he said, is an “uneconomic economy.”
“Given the economics of what our aviation enterprises, what space enterprises, every 3-4 years or 5 years we make [decisions on] restructuring and financing. According to last year, the aerospace complex is at a loss, and if we take the last 5 years, the yield is about 1.7 per cent,” Klepach said.
In 2021, UAC CEO Yuri Slyusar told the Vedomosti newspaper that the catalogue value of the MS-21 aircraft was $97 million (~7 billion 883 million rubles). At that time he did not name the real cost of the aircraft for the end buyer, explaining it by the global practice and contract terms. But catalogue prices are comparable to the Airbus 320 and Boeing 737 families, Yuri Slyusar said.
TASS, citing its source in government agencies, reported in April this year that the cost of the MC-21 would be about 3 billion rubles for Russian airlines.
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