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. Last Updated: 07/27/2016

Duties May Be Cut for Boeing, Airbus

The government may halve import duties on some foreign-made leased planes, including those built by Airbus and Boeing following an agreement with the United States on World Trade Organization entry, Kommersant reported.

A government commission on foreign trade and tariff policy Wednesday suggested that cutting import charges for aircraft with fewer than 50 seats and between 115 and 160 seats, the newspaper reported Thursday.

Duties will be cut to 8 percent for the first category and to 10 percent for the second category from the current 20 percent, Kommersant said.

The country's major airlines, including Aeroflot, are leasing more foreign airplanes to sustain competition abroad and at home, where only a few locally designed aircraft are produced. The lower duties will only apply to three-year operational lease contracts and will be active until Jan. 1, 2011, Kommersant said.