Ilyushin Finance & Co. leasing company (IFC) and Bombardier Aerospace signed a letter of intent for delivery of 50 Bombardier Q400 NextGen regional turboprops on August 28th 2013. The agreement was signed in the network of MAKS-2013 airshow.
According to the document, IFC plans to purchase the aircraft manufactured by a joint venture established by Russian Technologies State Corporation (Rostech) and Bombardier Aerospace. The JV will launch the production of Q400 aircraft in Russia. The agreement on establishment of the JV was signed earlier.
The value of a potential contract for delivery of 50 Q400s is assessed at $1,695 billion at list prices.
In addition, Rostech noted that the agreement in the area of market development was signed by Rostech and its subsidiary Aviacapital-Service. The document will provide an opportunity for delivery of additional 50 Q400 NextGen turboprops in the region.
The value of a firm contract for 100 Q400 NextGen may reach $3,39 billion (at list prices).
Alexander Rubtsov, CEO of IFC, said: "Our intention to purchase 50 Q400 NextGen aircraft and recent firm order for 32 CS300 jets will provide Russian operators with a necessary potential for development of regional air transportation. These airliners will join the advanced Russian-produced aircraft in our fleet. Our strategy is aimed at providing our customers with an optimal portfolio". "Q400 NextGen has an excellent fuel efficiency and economics. Q400 aircraft may replace jet aircraft on some routes. High level of comfort and environmental efficiency make the liner an ideal choice for operation in Russia. We hope to sign the firm contract with Bombardier and Rostech soon», - Rubtsov added.
“The letter of intent signed with IFC indicates that Q400 NextGen aircraft meets the customer’s requirements and has enough potential to enter new markets” - Mike Arcamone, President, Bombardier Commercial Aircraft, said. “Our specialists in Toronto have developed a hi-tech aircraft derived from a famous Dash 8 liner. The new vehicle has revitalized the turboprop aviation and it keeps creating new business opportunities. We will further develop our partnership with IFC and Rostech and make our contribution to creation of advanced aerospace cluster in Russia”.