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The Ukrainian government promises to finance the country's aviation industry

Ukraine / Business and Finance

At least 2 billion hryvnias per year are provided for these purposes, the Prime Minister said.

The Ukrainian government promises to finance the country's aviation industry

Ukraine plans to annually allocate UAH 2 billion for the development of the aircraft industry, Prime Minister of Ukraine Denis Shmyhal said during a government meeting on Wednesday.

“Today we will approve the concept of the program for the state development of the aviation industry until 2030 ... The program presents two options for the development of the aircraft industry. In particular, the basic option provides for the financing of the aviation industry from the state for about 2 billion hryvnia annually. This will allow the resumption of full-scale production of civil aircraft and master the full process of helicopter production, ”he said.

According to the prime minister, the volume of products sold in the event of the implementation of the program is estimated by experts at 300-350 billion hryvnia.

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