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. Last Updated: 07/27/2016

Talks on Plane Funding

MOSCOW -- The funding of a program to make 20 Ilyushin Il-96M/T aircraft and supplying them to Aeroflot will be discussed by the Stepashin-Gore commission in the United States next week, Interfax quoted sources in the Russian Federal Air Transport Service as saying.

Funding, to be provided through the U.S. Export-Import Bank, is expected to be more than $1 billion.

Interfax said the U.S. side will link financing of the project to Russia reducing customs duties on Boeing 767 passenger liners to be rented by Aeroflot.

Four Boeing 767 planes are to be leased to Aeroflot, Interfax said.