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Russia's Sukhoi Signs Over USD 1 Bln Contra

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  • Russia's Sukhoi Signs Over USD 1 Bln Contra

    RUSSIA'S SUKHOI SIGNS OVER USD 1 BLN CONTRACTS FOR SUPERJET-100 PLANES

    ITAR-TASS
    July 16 2008
    Russia

    Russia's Sukhoi Civil Aircraft company signed over one billion
    U.S. dollars worth of contracts at the Farnborough air show for the
    supply of Sukhoil SuperJet-100 regional planes.

    The company will supply 49 planes and signed an option for the delivery
    of another 16 planes.

    Sukhoi Civil Aircraft (SCA) signed an agreement on the main terms of
    supply of 24 planes to the leasing company Avialiasing. It provides
    an option for another 16 planes. The overall price of the deal exceeds
    630 million U.S. dollars.

    According to unofficial reports, the planes will then be lease to
    the Russian airline UTair.

    In addition, the joint venture Superjet International, created by the
    Sukhoi Holding Company and Italian Alenia, has signed an agreement
    for the supply of 20 SuperJet-100 planes to an unnamed company. The
    overall value of the agreement is 600 million U.S. dollars.

    The company also signed a 150 million U.S. dollar contract with the
    Swiss leasing company AMA for the supply of five planes intended for
    five different airlines in Europe and Asia.

    All contracts and agreements signed at the air show are expected to
    be implemented in 2010-2011.

    Prior to the Farnborough air show, SCA had 73 firm contracts for
    Sukhoil SuperJet-100 planes and 31 options. SCA also had firm contracts
    with Aeroflot (30 planes), AirUnion (15 planes), DalAvia (6 planes),
    Italian airline ItAli (10planes), and the Armenian company Armavia
    (2 planes).

    With the approximate cost of one plane being 26 million U.S. dollars,
    the combined value of the contracts exceeded 50 billion roubles.

    Sukhoi SuperJet-100 is a regional plane that is to replace the Tu-134
    planes currently in use.

    The SuperJet-100 project is a family of regional passenger aircraft
    developed by the Sukhoi Design Bureau in cooperation with major
    American and European aviation corporations, including Boeing, Snecma,
    Thales, Messier Dowty, Liebherr Aerospace, and Honeywell. Prior to
    certification testing, the plane has to undergo a series of preliminary
    flight tests at the aircraft manufacturing plant in Komsomolsk-on-Amur
    in Russia's Far East. The airliner made its first test flight in May.

    Sukhoi SuperJet-100 integrates the world's best industry practices
    and solutions. All aircraft will be certified in accordance with
    both Russian and international requirements. SSJ100's technical and
    operational performance make the product fully marketable and capable
    of taking a solid share in the highly competitive global market. Thus,
    Sukhoi expects to sell 800 aircraft until the year 2024, while the
    global demand for the aircraft of this class totals 5,400. So far
    the company had secured 73 solid orders for the aircraft.

    The SuperJet-100 was formerly referred to as the Russian Regional Jet,
    or "Sukhoi RRJ." The name was changed on 17 July 2006.

    The aircraft will be equipped with two Saturn/SNECMA PowerJet SaM146
    turbofans.

    The Superjet-100 is intended to compete against the Antonov An-148,
    Embraer E-Jets and the Bombardier CSeries programs. Sukhoi's director
    general Mikhail Pogosyan claims the SSJ will have 10-15 percent lower
    operation costs than its Embraer or Bombardier counterparts and its
    wider cabin will offer more comfort; at the catalogue price of 27.8
    million dollars, it should also be cheaper by 18-22 percent. On the
    other hand, both Embraer and Bombardier offer much more comprehensive
    after-sales and maintenance network.

    SuperJet-100 will in the future provide the basis for a whole family
    of planes, including transport and special purpose planes. However now
    the main goal is the certification of the plane and serial production
    of 60-70 planes annually.

    The project is implemented by Sukhoi Civil Aircraft Company created in
    2000. Experts say that the SuperJet-100 project will secure Russia's
    leadership on the market of regional planes. Sukhoi Civil Aircraft is
    a subsidiary of the famous Sukhoi combat aircraft manufacturer. It
    was created to implement the latter's civilian projects. The chief
    task of the company is to develop a regional Superjet-100 plane that
    will replace Tu-134 liners that are now in use.

    The Sukhoi SuperJet-100 family consists of two types of aircraft of
    basic and increased flying ranges with the carrying capacity of 75
    and 95 passengers respectively.

    The company is trying to make the two types of plane as universal as
    possible in order to increase the number of potential buyers.

    The design of the plane meets the requirements applicable in Russia,
    the Commonwealth of Independent States and the West.
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