FINANCIAL ASPECTS OF INNOVATION MANAGEMENT IN THE AVIATION INDUSTRY

Abstract

The article formulates the objectives of the research, which are to study and analyze the key financial mechanisms that ensure effective management of innovation processes in the aviation industry. The aim of the article is to deeply understand the impact of financial instruments on the development of the aviation industry of Ukraine in the context of global competition. The presentation of the main material of the study focuses on the active development of the aviation industry of Ukraine, which is due to the introduction of modern innovative technologies. A special role is played by the development of unmanned aerial vehicles, which expands the capabilities of military and civil aviation. Environmental innovations, in particular the development of energy-efficient engines and alternative fuels, are also important aspects. Ukrainian enterprises actively cooperate with international partners to integrate advanced technologies into production processes, which helps to increase competitiveness in the global market. Financial mechanisms play a critically important role in ensuring innovation management in the aviation industry. Venture capital, leasing schemes, state subsidies and public-private partnerships are the main financial instruments for supporting innovative projects. Summarizing the results of the study, it can be stated that effective financing of innovations is the basis for the sustainable development of the aviation industry of Ukraine. Determining the optimal financial mechanisms allows enterprises to implement innovative projects, increase competitiveness and adapt to dynamic changes in market conditions. The results of this study can serve as a basis for further improvement of financial strategies in the industry.