The following versions are to be manufactured:

• VIP version - for transporting of 12 passengers over range up to 700 km;
• transport version - for carrying of 30 passengers over range up to 450 km, transportation up to 5 tons inside the helicopter over range of up to 400 km, transporting loads up to 7 tons on an external cargo sling, transporting combined passenger and cargo loads;
• medevac version - for evacuation up to 16 wounded on stretchers.

Other versions of the helicopter will fulfill the following roles: servicing offshore platforms and transporting passengers and loads over the sea; search and rescue missions; construction tasks (including those requiring high accuracy). The high performance and efficient fuel consumption provides the Mi-38 with significant advantages over other helicopters of its class. It is equipped with new PW – 127 T/S engines, each rated at 2500 h.p. and developed by joint venture Pratt-Whitney/Rus on the basis of the PW127 engine already in serial production. The Mi-38 helicopter has the following design features: new electronic indication system based on colour displays, digital stand-by auto pilot with gauge data processing system, modern radio communications equipment. High level of automation provides one-pilot operation New technical features that are incorporated in the Mi-38 helicopter include: composite blades with increased service life, aerodynamic fuselage configuration, anti-vibration crew seats, increased volume of a cargo compartment etc.