Russia may supply 1,000 of its newest MC-21 planes to 2037, Minister of Industry and Trade Denis Manturov said on Sunday.

“Meeting the announced technical and economic criteria, organization of the effective modern integrated logistic support and after-sale service, as well as formation of attractive financial sales models will mean reaching the total supplies of more than 1,000 of MC-21 to 2037,” the ministry quoted the official.

By using the Russian plane, aviation companies may cut by 12-15% their exploitation expenses against other planes of similar classes, or by 6-7% if compared against their modernized versions, the minister added. The reason is MC-21 is “the most up-to-date product in the world” in its class, he added.

He called the plane’s first flight “a historic event for the global market of aircraft.”