Monday, July 24, 2017

MAKS-2017: deals for $6.2B signed

On July 23, the curtain was brought down on MAKS-2017 Air Show with 450,000 people having attended the event. During the show, Russian companies and their partners presented their developments and traded, with roughly 800 companies participating in the event and signing deals totaling at 394 billion rubles ($6.2 billion), with more agreements to be made in the nearest future. New aircraft were exposed and some finally shown for the first time.

On the first day of the international aviation and space salon, a fixed-price contract for the supply of 20 Sukhoi Superjet 100 to Aeroflot was executed. The jets will be delivered in batches until July 2018, which will lead to Aeroflot expanding its SSJ 100 fleet up to 50 units. Additionally, Russian government increased the capital of State Transport Leasing Company (STLC) which also entered into an agreement with Gazprombank (third largest Russian bank) raising its credit facility limit and allowing it to acquire up to 36 units of SSJ 100.

Ilyushin Finance Co. (IFC) also made quite some agreements, enacting a deal regarding the delivery of 16 MC-21 jets to Red Wings. The aircraft will be leased for 12 years and deliveries are going to take place from 2019 to 2022. IFC also signed an agreement with VIM-Avia with the transaction of the MC-21 taking place between 2021 and 2024. The green light regarding the approval of terms will be given at the end of 2017. Russian Airlines and Saratov Airlines also made a deal with IFC for the supply of the MS-21s.

Russian Helicopters concluded some deals too, including the supply of 30 helicopters (12 Mi-8AMT, 12 Ansats and 6 Mi-8MTV-1) to STLC. Other buyers include Russian Helicopter Systems, which by 2018 should receive 12 Ansats in medical configuration, United Helicopters International Group which wishes to acquire 5 Ansats and three Mi-171 in transport configuration and two Ka-32A11BC fire fighters. Orders from China are also taking place.

(AeroTime News)

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