Support The Moscow Times!

Leasing Company Buys 8 Sukhoi Superjets for European Market

Leasing company Ilyushin Finance has signed a deal with Sukhoi Civil Aircraft to buy eight Superjet 100 planes, which will be flown by European carriers.

The contract, worth $290 million, was signed at the Farnborough International Air show in Britain, RIA Novosti reported Wednesday.

The chief of Ilyushin Finance, Alexander Rubtsov, said the order has been made on behalf of European companies, who will pay an effective interest rate of 3 to 4 percent.

Sukhoi's Superjet 100, which seats about 100 passengers and was first unveiled in 2007, was intended to revitalize Russia's once-mighty civil aviation industry, but has struggled to find buyers.

Earlier this week, Kazakh national airline Bek Air bought seven of the planes. Sukhoi says on its website that it has racked up a total of 179 orders for the planes.

See also:

Rosneft, Sukhoi: Business in Brief

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.