icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

MAKS 2011 sees buyers open wallets

MAKS 2011 sees buyers open wallets
MAKS air show has become a major marketplace for Russian aircraft manufacturers.

The biggest spender so far has been Ilyushin Finance, wrapping up a $2.2 billion deal with Irkut Corporation for 50 of the new MS-21 medium range airliners. The Russian leasing company is also buying 10 Canadian Bombardier CS models – with the option for a further 10.

Other deals included Indonesia’s Sky Aviation's order for 12 Sukhoi Superjet-100 regional airliners worth almost four hundred million. Russian titanium-maker VSMPO-Avisma, has also signed three long-term agreements with Britain’s Rolls-Royce worth a quarter of a billion dollars, and a similar deal with Pratt and Whitney Canada.Despite the sales the market activity is unlikely to see sales records broken.

Prime Minister Vladimir Putin oversaw several signing ceremonies, including a deal to sell 10 Sukhoi Superjet-100 planes to airline Gazpromavia.He also oversaw the creation of a joint venture between French aerospace group Safran and Russian Technologies. Jean-Paul Herteman, CEO at Safran, telling Business RT the multi-million euro start up will work on state-of-the-art navigation systems.

“There are very few countries in the World that master that type of technology, provide extreme accuracy in navigation of the aircraft, precision of weapons. I mean, there are 2 or 3 countries worldwide that are able to that capacity in joining our efforts. And France and Russia are very – very significant strategy wise.”

One deal that is still on the negotiation table is Aeroflot's desire to acquire the new Airbus A380, which would be a step towards Aeroflot's goal of increasing passenger numbers to roughly 70 million a year.