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  Friday, August 23, 2019
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Boeing plans to have invested $2.5-3 billion in the Russian aircraft industry by 2010
The company's Senior Vice-President Mike Cave said it at the meeting with Russian Deputy Minister of Industry and Energy Andrei Reus and Defense Industry Department Chief Yuri Koptev. Cave highlighted that Boeing had invested in the Russian aircraft industry $1.3 between 1991 and 2001, with $1 billion invested between 2001 and 2005. He praised the level of cooperation reached 14 years after launching beneficial cooperation. According to Cave, about 1,000 Russian specialists are involved in developing the Boeing 787, with the next program calling for even more close cooperation with the Russian aircraft industry. "Russian engineers involved in our programs are not mere executors. They make proposals that alter our approaches to designing substantially. We deem this experience very useful for us," Cave emphasized. According to him, Boeing regards Russia as a long-term partner. Boeing's officials supported the efforts to pool Russian aircraft makers into a single holding company, OAK. Boeing is ready to consult the Russian Regional Jet (RRJ) designers and share its latest know-how with the Sukhoi's Civil Aircraft closed corporation. Boeing also commits to launch after-sales maintenance of new Russian-made aircraft in exchange for a specific reduction in import levies and guaranteed contracts with Russian airlines. According to Mike Cave, these measures will allow advanced Russian aircraft to be promoted on the global market with more success. "We believe in your strategy and believe that the Russian aircraft industry is capable of developing and selling advanced aircraft. Closer cooperation with Boeing will enable the industry to retain its intellectual potential and ensure its financial stability during the transitional period. We are ready to the role of Investor number one," Cave summed up.
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