00:52 GMT +323 October 2019
Listen Live
    Russian Sukhoi Superjet 100 aircraft

    Russia, China Sign Deal to Boost Sukhoi Jet Sales in Asian Markets

    © AP Photo / Ivan Sekretarev
    World
    Get short URL
    0 186
    Subscribe

    Russia and China have signed an agreement to create a leasing company which will promote the sale of Russian Sukhoi Superjet-100 (SSJ-100) passenger planes to the Chinese and South-East Asian markets over the next three years.

    Russia's United Aircraft Corporation (UAC) has announced a deal which will create a leasing company to promote the sale of Russian Sukhoi Superjet-100 (SSJ-100) passenger planes in the Chinese and Southeast Asian markets over the next three years, media reports said.

    The agreement was signed during Chinese President Xi Jinping's visit to Moscow, which began on May 8, according to the UAC's press release.

    The consortium of investors will include the Sukhoi Civil Aircraft Company, the UAC, the Russian-Chinese Investment Fund, the Management Committee of the Xi'an District and the Chinese company New Century International Leasing.

    The headquarters of the leasing company will be located in the Russian-Chinese industrial park in the city of Xi'an of Shaanxi Province, believed to be the capital of China's aviation cluster. The city administration pledged to contribute to the creation of the necessary infrastructure for receiving and maintaining  SSJ100s.

    According to the agreement, the new structure is due to acquire up to 100 SSJ-100 aircraft worth about three billion dollars in the next three years.

    The UAC pointed out that the volume of the contract is "more than twice the total number of the aircraft, which have been delivered to the customers."

    The Sukhoi Superjet 100 is capable of carrying between 75 and 95 passengers at a distance of 4,550 kilometers. The jet's maiden flight was performed in May 2008.

    Related:

    Financial Problems With Sukhoi Superjet-100 to Lead to New Company Merger
    Russian Aviation Authority Concerned About Superjet 100 Safety
    Rogozin: Russia to Double Production of Sukhoi Superjet-100 from 2015
    Tags:
    leasing company, infrastructure, investors, agreement, Sukhoi SuperJet-100 (SSJ-100), Sukhoi Civil Aircraft Company, Russian United Aircraft Corporation, Xi Jinping, China, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik