Irkut Corporation of Russia today announced a price war in the medium-haul category of airplanes promising to undercut the price of Airbus A320 and Boeing 737 by 15-20%.

“Our aircraft will be cheaper to buy, cheaper to operate and offer enhanced passenger comfort”, said Kirill Budaev, Vice President of Sales and Marketing, Irkut Corporation, a member of the (United Aircraft Corp) group. He said the list price of the MC-21-300 aircraft will be about 15%-20% cheaper than a comparable Boeing or Airbus aircraft.