According to the report, published on the official website of the Russian Cabinet, JSC «United engine Corporation» in the near future will act as recipient of government guarantees on bonds. This year, as well as in the period from 2018 to 2019 will be funding the production of parts of engines and nacelles for the new Russian MS-21 airliner.
It is noted that the total amount of state guarantees will amount to 899,2 million rubles. In an accompanying note it was also added that the performance of the obligations will come after January 1, 2020, in accordance with the terms of the bond issue.
Recall that the MS-21 is a Russian single-aisle medium range airliner developed by Irkut Corporation and Yakovlev design Bureau. Yakovlev. The airliner is equipped with two jet engines of the family of Pratt & Whitney PW1400G, which are also used on Airbus A320NEO, Embraer E-Jet E2 and Mitsubishi MRJ. The main competitors for the Russian high-tech aircraft are the Boeing 737 and Airbus A320.