United Aircraft to receive $21m for upgrade of Il-96-400M production

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TASS, Moscow :
Russian Prime Minister Dmitry Medvedev has signed a decree on providing investments from the budget for the United Aircraft Corporation (UAC) amounting to 1.32 bln rubles ($21 mln) to finance the production of Il-96-400M passenger airliner, according to the document released on the government’s website on Saturday.
“The signed decree provides budget investments amounting to 1.32 bln rubles for the United Aircraft Corporation. The funds will be allocated to reconstruction and technical upgrading of the Il-96-400M passenger airliner construction. The project will be commissioned in 2020,” an explanatory note to the decree said.
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