Aircraft leasing company Aviacapital Service on Tuesday signed a $3.5 billion deal to implement its option to buy 35 Boeing-737 airliners, Interfax reported.
Aviacapital Service is a wholly-owned subsidiary of state-controlled conglomerate Russian Technologies.
"The agreement to implement the option for 35 Boeing-737 MAX airliners still requires corporate approval from Russian Technologies," Aviacapital Service CEO Roman Pakhomov said at a news conference.
Aviacapital Service does not yet have contracts for leasing the aircraft. It will work with all interested carriers in Russia and the Commonwealth of Independent States, Pakhomov said.
The first plane is to be delivered in August 2018.
Earlier, Russian Technologies also signed a contract for 50 Boeing-737s that it will supply to Aeroflot next year.
Aviacapital Service was established in 2011.
Titanium producer VSMPO-Avisma plans to increase its annual titanium product supplies to Boeing to $600 million by 2018, the companies said in a joint statement, as cited by Interfax.
On Tuesday, VSMPO-Avisma and Boeing signed a memorandum to expand cooperation by boosting the capacities of their joint venture, Ural Boeing Manufacturing.
The two companies are also continuing to work together on research and development. In particular, they are jointly creating two new alloys that could be used in the Russian aerospace industry.
Related articles:
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
