×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Ilyushin to Buy Aircraft

Russian leasing company Ilyushin Finance has signed a deal with Canada's Bombardier Aerospace to buy 32 CS300 aircraft and options for an additional 10 CS300 aircraft, Bombardier said in a press release.

The transaction, which follows a letter of intent signed by IFC in 2011, is subject to approval by the company's shareholders. Based on the list price for the CS300 aircraft, a firm order from IFC for 32 aircraft would be valued at approximately $2.56 billion.

Should IFC also exercise its 10 options, the contract would have a total value of approximately $3.42 billion. Currently, 95 CRJ regional jets and Dash 8/Q-Series aircraft are in service or on order in Russia and the CIS.

In addition, Bombardier is also exploring opportunities for its Q400 NextGen turboprop aircraft in Russia. Reports said at the end of last year that the Q400 NextGen might be assembled at the Aviacor plant in Samara.

(MT)

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.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more