MOSCOW, 24 November – RIA Novosti. Novikombank, the backbone bank of Rostec State Corporation, provided 2.5 billion rubles of financing to UEC-Saturn PJSC to increase the production of civil aircraft engines.
UEC-Saturn is part of United Engine Corporation and is the prime contractor for the production of PD-8 engines. The loan will be given to the company before the end of the year. It is planned to produce about fifty PD-8 engines in two years.
The funds were provided as part of the further financing of costs for the execution of a contract for the supply of PD-8 engines under the comprehensive state program of the Russian Federation “Development of the air transport industry until 2030”. The corresponding agreement between the enterprise and Novikombank was signed as part of the Army-2022 forum, which was held in Moscow in August.
“Novikombank continues to actively support domestic enterprises in the high-tech sector by providing affordable financing. Using government support mechanisms, we help aviation enterprises to fulfill their duties effectively within the scope of a comprehensive program for the development of the air transport sector. production and production of domestic aircraft engines,” said Kuznetsov, Deputy Chairman of the Board of Directors of Alexei Novikombank.
Source: Ria
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