Economic Assessment of the Impact of LMS-901 Baikal Light Multipurpose Aircraft Certification Delay on the Regional Aviation Fleet Renewal Programme
Abstract and keywords
Abstract:
The article presents an economic assessment of the consequences of certification delays of the LMS-901 Baikal light multipurpose aircraft for the regional aviation fleet renewal programme of the Russian Federation. The relevance of the topic is determined by repeated postponements of certification deadlines from 2023 to 2026, as well as by the massive retirement of the obsolete An-2 fleet and other aircraft, which creates a risk of capacity shortage on local airlines. The aim of the study is to develop a computational model that quantitatively links the certification calendar shift of the LMS-901 with three economic channels: postponement of the manufacturer's revenue, formation of a capacity deficit and the need for additional budget subsidies. The paper proposes an integral indicator of the certification delay cost based on net present value, risk-adjustment by probability of certification completion and a sensitivity index. The scientific novelty lies in the formalisation of the link between aircraft certification readiness and regional route network sustainability. The practical significance consists in applying the proposed methodology when forming budget subsidies, leasing rates and a transitional An-2 fleet recovery plan.

Keywords:
LMS-901 Baikal, regional aviation, small aviation, certification, aircraft life cycle, regional flights subsidization, import substitution, risk adjustment, net present value, An-2 fleet
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References

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