The Russian Government has allocated 10.5 billion roubles (US$160 million) for the mass production of MC-21 advanced narrow-body aircraft.
The state fund was authorised and came into effect from 6 February 2019, in which 1.6 billion roubles will be injected this year, and further 4.11 billion in 2020 and 4.81 billion in 2021.
Currently, two MC-21-300 aircraft are taking part in flight certification tests, and the mass production is expected to begin early this year.
The Irkut MC-21 is the latest Russian airliner that comes in two versions: the 165-seat MC-21-200 and the 211-seat MC-21-300.
Irkut currently has 175 orders of the MC-21 — made almost exclusively by Russian airlines and leasing companies.
Although Irkut does not match the range of the Boeing 737MAX8 and the Airbus A320neo, it “has superior seat economics,” to compete with.