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Russian aircraft sales to more than double by 2015

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MOSCOW, September 21 (RIA Novosti) - Russian aircraft sales will more than double to $7 billion by 2015, a government official said Wednesday before a cabinet meeting to discuss a strategy for aircraft industry development.

"A steady growth in aircraft sales is a criterion of the success of the strategy-stipulated objectives," the official said. "The objective is to raise sales to $7 billion by 2015 from the current $3 billion."

By that time, civil aircraft should account for 40%-45% of overall aircraft sales against the present 30%.

The government plans to invite private companies to invest in the program. Private investment is expected to reach 25%-40% of the overall amount of financing by 2015. A total of about $20 billion, including $12 billion in budget allocations, will have to be invested in the program.

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