Sukhoi Civil Aircraft Inks Deal To Supply Two SuperJets To Armavia

SUKHOI CIVIL AIRCRAFT INKS DEAL TO SUPPLY TWO SUPERJETS TO ARMAVIA

Prime-Tass Business News Agency
September 14, 2007 Friday 2:37 PM EET
Russia

Russia’s Sukhoi Civil Aircraft has signed a deal to supply two SuperJet
100 aircraft with an extended range to Armenian airline Armavia,
a spokesperson for Sukhoi Civil Aircraft told Prime-Tass Friday.

The planes are to be supplied to Armavia at the end of 2008. Under
the agreement, Armavia will also have an option to acquire another
two SuperJet 100s in the future.

The deal is worth $55 million – $60 million, the spokesperson said,
adding that Russia’s state-controlled VTB Bank was providing financing.

Sukhoi Civil Aircraft is developing the SuperJet 100 regional aircraft
jointly with U.S. aircraft producer Boeing. The first test flight
of the SuperJet 100 is expected to take place before the end of this
year and mass production is expected to start in 2008.

Sukhoil Civil Aircraft is a subsidiary of Russian aircraft maker
Sukhoi, which is in turn controlled by the United Aircraft Corporation
(UAC).

Armavia started operating flights in 2001. Its fleet currently
includes six aircraft, including one Airbus A320, two Airbus A319s,
one Il-86 and twoYak-42s aircraft, according to the company’s Web site.
From: Baghdasarian