21:30 GMT +318 January 2019
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    Protective duty on imported aircraft may be suspended in 2006

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    MOSCOW, August 18 (RIA Novosti) - The protective duty on foreign air carriers imported into Russia may be suspended by the beginning of 2006, head of Russia's Federal Air Transport Agency Alexander Yurchik said Thursday.

    The agency and the Transport Ministry are in favor of suspending the protective duty.

    "We think that the duty on the import of foreign aircraft must be suspended for a certain time, while giving preference to Russian companies for aircraft they are able to produce," Yurchik said.

    The need to suspend the duty comes from the large number of problems Russian airlines are having with a cost-effectiveness of 3-5%, he said.

    "We must retain the commercial air transport market, and if we do not allow airlines to buy planes from abroad, which Russia does not manufacture, we may lose this market," he said.

    The proposal to suspend the protective duty is currently being considered in various ministries and departments, he said.

    "I hope negotiations will be over by the end of this year and that at the beginning of 2006 we will allow Russian airliners to buy the planes they need.

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