Sberbank, SCA and invest ad signed a tri-lateral Letter of Intent

15.01.2015 | Source: Sukhoi

Aeroflot and Sukhoi Civil Aircraft Company (SCAC) have signed an agreement on delivery of 20 latest Russian-built aircraft Sukhoi Superjet 100 (SSJ100). The Letter of Intent was signed today by the Director General of Aeroflot Vitaliy Savelyev and SCAC Head of the Board of Directors Mikhail Pogosyan.

Aircraft will be purchased additionally to current firm contract for delivery of 30 aircraft of that type. Thus, by 2017 the fleet of the leading Russian airline would have 50 SSJ100 aircraft in total.

The majority of SSJ100 will be delivered in “Full” configuration with 87 passenger seats in a comfortable two-class configuration: there will be 12 seats in business and 75 seats in economy class.

The agreement marks the start of a totally new phase of cooperation between Aeroflot and United Aircraft Corporation (UAC), of which SCAC is a part. The two companies shall coordinate their long-term strategic development plans giving a powerful impetus to Russian aircraft industry development.

As of the beginning of 2015 Aeroflot operates 16 SSJ100 aircraft. Thanks to these aircraft Aeroflot has an opportunity to pursue one of the key paths in the strategy of creating a global network air company and reinforce the leadership on a national air transport market. SSJ100 aircraft are becoming an important part of Aeroflot fleet, which is the world’s youngest fleet among the major air companies operating at least 100 aircraft.

 
 
 

Sberbank, SCA and invest ad signed a tri-lateral Letter of Intent

18.11.2014 | Source: Superjet International

On the ground of Dubai Airshow 2013 Sberbank, Sukhoi Civil Aircraft (SCAC) and Abu Dhabi Investment Company “Invest AD” signed a tri-lateral Letter of Intent to launch their cooperation in the Middle East in marketing and promotion of Sukhoi Superjet 100 in its basic and long range modification.

As an outcome of the signing ceremony, Alexander Dementiev as Global head of Financial Institutions at Sberbank, stated: “In the light of the recently adopted Sberbank Development Strategy for 2014-2018 we aim at becoming a global partner for our clients. Sukhoi Civil Aircraft Company is a leader of the Russian aviation industry and one of Sberbank’s key clients. We are ready to support its interests at any spot in the world. Together with Invest AD as our strategic partner in the Middle East and Africa, we will support and help Sukhoi Civil Aircraft Company and the Russian Federation in promoting the Russian aviation industry production in this strategically important region of the globe.”

Andrey Kalinovsky, SCAC President noted: “Currently, the Middle East is one of the priority markets for SSJ100. In this regard, today we signed the Letter of Intent in order to optimize funding proposals related to purchase of our aircraft by new customers in this, promising for the Sukhoi Superjet 100 project, region”.

Nazem Al Kudsi, General Director of Invest AD, commented: “Invest AD is proud to support Sberbank’s strategic clients like Sukhoi in establishing a presence and developing operations in the UAE to cover the Middle East region”.

 
 
 
 

Rosoboronexport, Sukhoi Civil Aircraft Sign SSJ-100 Purchase Agreement

27.08.2013 | Source: Bloomberg Businessweek

Rosoboronexport and Sukhoi Civil Aircraft have signed an agreement on delivery of a Sukhoi Superjet 100 plane in the VIP version. The document was signed during the international air show MAKS 2013. SSJ100 VIP is the first VIP aircraft created on the SSJ100 platform. The level of passenger comfort comparable to that on board bigger aircraft in the segment of business aviation, is ensured by the optimal fuselage cut. The SSJ100 VIP is designed for 19 passengers and divided into three functional zones: service, business and a separate office. The plane will be delivered to the customer before yearend and will be used to support Russia's contacts with foreign countries and military technical cooperation.

 
 
 
 

Sukhoi Civil Aircraft Company and AeroLease Singed Letter of Intent

19.06.2013 | Source: Sukhoi

On June 19th, 2013 in the framework of the 50th International Paris Air Show (Le Bourget, France) Sukhoi Civil Aircraft Company and Bahrain leasing company AeroLease – Aircraft and Equipment Leasing Company signed a Letter of Intent on financing and\or leasing of existing and prospective deals for Sukhoi Superjet 100.

The Letter of Intent confirms interest of the world’s leasing companies and financial institutes to invest deliveries of Sukhoi Superjet 100 to the Middle East and the Southeast Asia.

 
 
 
 

SuperJet International signs 10 years SuperCare Agreement with Sky Aviation

21.12.2012 | Source: Superjet International

SuperJet International – a joint venture between Alenia Aermacchi (a Finmeccanica Company) and Sukhoi Holding – announced today the execution of a “SuperCare” Agreement with the launch customer for South-East Asia Sky Aviation for after-sales support of its SSJ100 fleet of up to 12 aircraft.

SuperJet International will provide the Indonesian carrier Sky Aviation with customized spares availability and maintenance/repair solutions of on-board equipment for a term of 10 years. The agreement is worth up to USD 57 million.

The “SuperCare” agreement is a comprehensive “per-flight-hour” program developed by SJI with the aim of maximizing aircraft availability to operators and optimizing their maintenance and associated administrative costs.

“It is an important milestone which confirms the SuperJet international’s fundamental commitment and role in the SSJ100 Program – states Nazario Cauceglia, Chief Executive Officer of SuperJet International – Since the SSJ100 entry into service, we have been committed to ensure the maximum level of aftersales performance and aircraft availability.

Similar “SuperCare” agreements were also signed in 2011 with other SSJ100 operators – continued Mr. Cauceglia – thus showing the added value of such an integrated lifecycle solution specifically designed for our valuable SSJ100 customers.

“The SSJ100 is going to strengthen our existing fleet – says Krisman Tarigan Chief Executive Officer of Sky Aviation – The aircraft will be operated from the airport of Pekanbaru, Indonesia, which has a minimum runway length of 1,800 meters.

We are sure it will allow to increase Sky Aviation revenues and passenger traffic. We also believe that SuperJet International represents a good partner for the after-sales support solutions they can offer along with a state-of-the-art product”.

In addition, SuperJet International, which is in charge of worldwide after-sales services, is providing Sky Aviation with Flight Crew, Cabin Crew and Maintenance staff training courses, along with on-site support in Jakarta.

 
 
 
 

SuperJet International signs agreement up to US $300 million

02.09.2012 | Source: Superjet International

SuperJet International - a joint venture between Alenia Aeronautica (a Finmeccanica company) and Sukhoi Holding - and the US leasing company Willis Lease Finance Corporation signed today a Memorandum of Understanding for the purchase of 6 Sukhoi Superjet 100 (SSJ100) aircraft plus 4 options, for an estimated value up to US $300 million.

The first delivery of these LR aircraft in the 98-seat configuration is scheduled for September 2012.

The Sukhoi Superjet 100 programme represents the most important industrial partnership between Europe and the Russian Federation in the civil aviation sector. The aircraft is currently the best choice in the 100-seat aircraft segment because of its outstanding characteristics in terms of fuel consumption, low environmental impact, reduced maintenance costs and top passenger comfort.

About Willis Lease Corporation:

Willis Lease Corporation of Novato, California is a leading lessor of commercial jet engines and owns and manages an aircraft lease portfolio. Willis Lease Corporation is listed on the NASDAQ exchange as WLFC.

About SuperJet International:

SuperJet International, a joint venture between Alenia Aeronautica (51%) and Sukhoi Holding (49%), is in charge of the marketing, sales, customization and delivery of the Sukhoi Superjet 100 regional jet in Europe, the Americas, Oceania, Africa and Japan. The Company is also responsible for training and worldwide after-sales support, as well as the design and development of VIP and cargo variants. A SuperJet International branch is active in Moscow, together with a sales office in Washington, DC, USA.

 
 
 
 

SuperJet International: Agreement for 30 Sukhoi Superjet 100, Plus 15 Options with Pearl Aircraft Corporation

21.07.2010 | Source: Sukhoi

SuperJet International, a joint venture between Alenia Aeronautica, a Finmeccanica Company, and Sukhoi Holding, signed an agreement with Pearl Aircraft Corporation for the sale of thirty Sukhoi Superjet 100 aircraft, plus fifteen options. The announcement was made today at the Farnborough International Air Show by Mr. Alessandro Franzoni, Chief Executive Officer of SuperJet International, and Mr. Jan Soderberg, Chief Executive Officer of Pearl Aircraft Corporation. Pearl Aircraft was advised by Aerbiz Business Consultants.

Based on the price list, the order for the thirty aircraft is worth over $900 million U.S.dollars.

“This announcement is of particular value to SuperJet International, as Pearl Aircraft Corporation is a new competitive financial company characterized by an innovative approach to the market”, said Mr. Franzoni, CEO of SuperJet International. “This agreement with an international leasing company is a proof of the qualities of this aircraft and further enhances our position the market”.

“We are excited about the future of the SSJ100”, said Mr Soderberg, Chief Executive Officer of Pearl Aircraft Corporation. “After a detailed evaluation, we are convinced it is the best 100-seat aircraft available or proposed. Its superior economics outclass all its competitors. In addition, its low costs and superb payload-range performance will open new market opportunities for our customers, allowing them to serve routes previously not considered viable. Its Pininfarina interior is like nothing else in the sky, with more space per passenger than any other narrowbody. This aircraft marries world-leading Russian aerodynamics and structures with state-of-the art Western systems, and world-class Italian interior design, all in an environmentally friendly product”.

The Sukhoi Superjet 100 program represents the most important industrial partnership between Europe and the Russian Federation in the civil aviation sector.

About Pearl Aircraft Corporation:

Pearl Aircraft Corporation is a new aircraft leasing company that provides financial solutions to leading airlines, lessors and lenders. The financial strength of the company, its partners, as well as their industry relationships make the Company strategically well positioned to take advantage of the global cyclicality of supply and demand in commercial aviation. Pearl is in the process of building a $2.0BN portfolio by the end of 2012.

 
 
 
 

Sukhoi Civil Aircraft Company and Orient Thai Airlines signed an LOI for 12 Sukhoi Superjet 100

20.07.2010 | Source: Sukhoi

Sukhoi Civil Aircraft Company (SCAC) and Orient Thai Airlines, a private Thai carrier, which currently operates a fleet of 15 airplanes (11MD 80 and 4 – B747), signed an LOI for 12 Sukhoi Superjet 100/95B with 12 going as an option. The deliveries are scheduled for 2011-2014. The document was signed by the Orient Thai’s Chairman of the Board Udom Tantiransongchai and the President of SCAC Vladimir Prysiazhnyuk.

The Purchase Agreement is to be finalized by the Parties in the end of 2010.

The SSJ100s will replace the current fleet of the airline’s MD-80 fleet in order to strengthen the carrier’s position in the market and broaden its network.

“We welcome another SSJ100 South East Asian customer aboard the Sukhoi Superjet 100 Program. The document we’ve signed today strengthens our positions in the South-East Asia market, which is one of the most promising segments for SSJ100. I believe SCAC’s product with its effectiveness, already proven in-flight, will become a perfect tool for to enhance the operational capabilities of Orient Thai” – stated Vladimir Prysiazhnyuk, commenting the deal.

 
 
 
 

Sukhoi Civil Aircraft Company has got 3 more soft orders for SSJ 100 in South East Asia

21.05.2010 | Source: Sukhoi

The Sukhoi Civil Aircraft Company and Phongsavanh Airlines, a start-up Laos carrier, today signed a Memorandum of Understanding for 3 Sukhoi Superjet 100 airplanes with 6 a/c as an option. The order is valued at 95,1 million USD at list prices. Deliveries are scheduled to begin in 2012.

"The SSJ 100 is really the best offer in the 100-seats segment. It combines unsurpassed operational efficiency with the breakthrough passenger comfort. And I’m sure that with SSJ100’s vast operational flexibility it will become the best tool for our growth-driven strategy”, - stated Od Phongsavangh, chairman of Phongsavangh Bank, owner of the airline.

“I’m really glad to welcome a new SSJ 100 customer in South East Asia which is a very promising market for our product. SSJ100 is affordable, comfortable, efficient and green. We’ve made a really good airplane for both the airlines and their passengers. And 1700 hours of extensive flight testing campaign proved its economic efficiency and good performance”, stated the President of the Sukhoi Civil Aircraft Company Vladimir Prisyazhnyuk, commenting the Agreement.

 
 
 
 

Today the agenda of Russian-Hungarian consultations included a signature ceremony of a five year cooperation agreement between Malev (Hungary), AiRUnion, Sukhoi Company and the Bank for Development and Foreign Economic Affairs (Russia)

07.12.2007 | Source: Sukhoi

Today the agenda of Russian-Hungarian consultations included a signature ceremony of a five year cooperation agreement between Malev (Hungary), AiRUnion, Sukhoi Company and the Bank for Development and Foreign Economic Affairs (Russia). The ceremony took place in the presence of Prime Ministers and Ministers of Economy of both Russia and Hungary.

The quadripartite cooperation agreement signed today by Sukhoi Company, the Bank for Development and Foreign Economic Affairs, AiRUnion and Malev focuses on financing provision and building strategic partnership between the parties.

The main cooperation targets are Sukhoi Superjet 100 production finance provided by Vnesheconombank and customer finance to support the purchase of the aircraft by AiRUnion. Malev considers purchase of Sukhoi Superjet 100 as a solution for its regional fleet upgrade, as well as studies the commercial partnership potential, aimed at maintenance and support of the aircraft family.

Sukhoi Company, the integrator of Sukhoi Superjet 100 programme is a distinguished player of a global aviation market. Its strategic partner – Italian Alenia Aeronautica – intends to acquire 25%+1 share in Sukhoi’s subsidiary – Sukhoi Civil Aircraft Company. In summer 2007 Alenia Aeronautica and Sukhoi Company launched a joint venture to market and sell Sukhoi Superjet 100 at mature markets and to provide aftersales support to the aircraft all over the world. The Sukhoi Superjet 100 team involved such global companies as Boeing, which is a consultant of the project; French Snecma, which, together with Russian NPO Saturn, designs and produces the engine for the entire family.

Commenting on the agreement Mikhail Pogosyan, Sukhoi Company Director General noted: "This event witnesses for the Russia’s agile integration into the economic life of the European Union, specially in such technologically demanding areas as aviation. Sukhoi is proud that Russian aircraft is considered by Malev – European airline, national carrier – as a tool for fleet upgrade and operation expansion. Sukhoi Superjet 100 has come a long way towards its customers – the first flight aircraft is under ground tests. Yesterday SaM146 engine started its flight test campaign on flying laboratory, which means the complete programme made another step towards Sukhoi Superjet 100 flight tests launch."

Specific projects within the frames of the cooperation agreement will be governed by separate contracts between the interested parties.

 
 
 

Sukhoi to sell additional 15 Superjet 100's to Aeroflot

22.08.2007 | Source: Superjet International

Sukhoi Civil Aircraft and Russia's national air carrier Aeroflot - Russian Airlines have signed an agreement of intent to supply 15 new-family Sukhoi Superjet 100 planes to the air company.

Back in December 2005, Aeroflot - Russian Airlines and Sukhoi signed an agreement on the sale of 30 Sukhoi Superjet 100's, Aeroflot becoming the first buyer of Russia's new-generation regional jets.

Under an additional agreement, announced today, Aeroflot will acquire 15 SSJ 100/95 jets of basic configuration beginning from May 2011.

An option for five such planes is also envisioned. The deal is valued at over $400 million in catalogue prices. A final agreement is to be signed before the end of 2007.

Sukhoi Civil Aircraft's portfolio of firm orders includes 61 Sukhoi Superjet planes, of which 55 will be of basic configuration and 6 will have a longer rage.

Planes of the Superjet 100 family meet all present-day and prospective reliability, safety and economic requirements, and they are expected to expand Aeroflot and other Russian air companies' domestic and international flights.

 
 
 
 

Vnesheconombank to arrange financing for Sukhoi Superjet sales

21.08.2007 | Source: Sukhoi

The Sukhoi holding company, Sukhoi Civil Aircraft and Vnesheconombank have reached a cooperation agreement to fund Sukhoi Superjet 100 sales. The agreement was signed by the President of the Sukhoi holding Mikhail Pogosian, the General Director of Sukhoi Civil Aircraft Viktor Subbotin, and the Chairman of Vnesheconombank Vladimir Dmitriyev.

The document gives details for the main areas of the three companies' cooperation, as Vnesheconombank will arrange sales funding for both the domestic and overseas program participants, including leasing subsidiaries, foreign loan institutions and export agencies. The agreement also covers the structure of financing aircraft supplies for Aeroflot - Russian Airlines.

 
 
 
 

Sukhoi and Boeing sign agreement on cooperation

09.06.2007 | Source: Sukhoi

Russian jet-maker Sukhoi and U.S. Boeing today signed a protocol to expand Boeing’s participation in the Sukhoi Superjet project. Russia’s First Deputy Prime Minister Sergei Ivanov took part in the signing ceremony.

Under the terms of today's agreement, Boeing will explore opportunities to assist Sukhoi in areas including, but not limited to:

Flight and maintenance crew training 
Spare parts management and supply 
Guidance on production of flight and maintenance manuals that meet international standards

Boeing will expand its participation in the organization of after-sales support. It means it will assist Sukhoi in the development of its own infrastructure, will ensure access to infrastructure and modern technologies of Boeing’s after-sales service, including the training of personnel as well as access to the infrastructure of the distribution of spare parts.

This will help to shortly develop a system of after-sales support meeting world standards, which will in the long run enhance export potential of Superjet and will result in the growth of sales.

The protocol also envisages bigger participation of Boeing in creating different configurations of the Superjet 100 jet family.

In 2002 Sukhoi selected Boeing to serve as advisor to itself and to its programme partners in the areas of programme management, engineering, marketing, product development, certification, supplier management, and customer support.

"This is an excellent example of Boeing's long-term commitment to cooperation with Russian industry," said Scott Carson, president and chief executive officer of Boeing Commercial Airplanes. "Our work with Sukhoi on the Superjet 100 is a great opportunity to expand our 'working together' relationship."

"Boeing's expanded support to the Sukhoi Superjet program and especially the increased Boeing role in helping Sukhoi to create a world-class SSJ after-delivery support system will significantly increase business attractiveness of the SSJ airplanes to our domestic and foreign airline customers," said Mikhail Pogosyan, director general of the Sukhoi Company.

 
 
 
 

Sukhoi Civil Aircraft and EBRD sign loan agreement for Superjet 100

11.06.2007 | Source: Sukhoi

Joint Stock Company Sukhoi Civil Aircraft (SCAC) has signed a 10-year, EUR 100 million loan agreement with the European Bank for Reconstruction and Development (EBRD) to fund the construction of the first new passenger airliner to have been designed in Russia since the collapse of the Soviet Union.

The Superjet 100 programme is the first Russian aircraft project integrating the best world industry resources and this will make it a fully marketable product.

For SCAC, this agreement represents not only financial support for the company's manufacturing infrastructure, but also highlights the growing credibility of the Russian aerospace industry and its potential to become a significant player in a highly competitive market.

Among the many leading aircraft specialists involved in the project, Boeing is acting as a consultant and Italy's Alenia, which is considering acquiring an equity stake in SCAC, will market the Superjet 100 and participate in after-sales support outside Russia.

The EBRD is committed to support Russia's integration into the global economy and the unprecedented international cooperation that is making the Superjet project possible is yet another good example of how key sectors of the Russian economy can benefit from working with the rest of the world.

The EBRD funds will be used to support the upgrade of the two Russian plants where the Superjet 100 is to be built, as well as to launch production and sales of the plane. The production and financing for the Superjet 100 have been ring-fenced to separate these completely from Sukhoi's traditional military aircraft construction activities.

Sukhoi Civil Aircraft Company (SCAC) was established in 2000 and it is a part of Sukhoi Holding. SCAC has its headquarters in Moscow and its own manufacturing facilities in Novosibirsk (Siberia) and Komsomolsk (Russian Far East) and leads the Sukhoi Superjet 100 programme.

The programme's goal is to offer domestic and international markets a family of modern, short to medium range jetliners with a capacity of 75 to 95 seats, in basic and longer range versions.

SCAC's responsibilities include design and development, procurement, production, certification, asset management, marketing and sales, as well as customer support for the planes.

Superjet 100 Team: Thales, Liebherr Aerospace, Messier-Dowty, Intertechnique (Zodiac), B/E Aerospace, Autronics (Curtiss Wright), Honeywell, Ipeco, Parker, Hamilton Sundstrand, Goodrich, Saint Gobain Sully etc.

 
 
 
 

Arrangements to finance the development of the Russian regional jet (RRJ programme) and its manufacturing programme

28.03.2005 | Source: Sukhoi

On 25th March, JSC Vneshtorgbank, Vneshekonombank, Sberbank of Russia and Roseximbank, of the one side, and Sukhoi Company (JSC), of the other, entered into a Cooperation Agreement.

The agreement, signed by President/Chairman of the Board of Vneshtorgbank Andrei Kostin, Chairman of Vneshekonombank Vladimir Dmitriyev, President and Chairman of the Board of Sberbank Russia Andrei Kazmin, Chairman of the Board of Roseximbank Nikolai Gavrilov and General Director of Sukhoi Company (JSC) Mikhail Pogosyan, establishes long-term cooperation between the parties in the arranging of financing of the development of the Russian regional jet and its manufacture (to be referred to as "RRJ Programme") being implemented by the Closed Joint-Stock Company Sukhoi Civil Aircraft (to be referred to as "SCAC (CJSC) "), which is a subsidiary of Sukhoi Company (JSC).

The Agreement provides for the Parties to arrange the most favourable reciprocal treatment regime for the RRJ Programme to cover the activities and interests of each Party.

Under the agreement, the Parties identified the main area of activities as the arranging of joint and/or syndicated credit facilities for SCAC (CJSC) for the purpose of implementing the RRJ Programme, including but not limited to lending against state guarantees to the level of 2.7bln roubles as incorporated in the 2005 budget of the Russian Federation.

According to General Director of Sukhoi Company (JSC) M.A. Pogosyan, "The Russian regional jet development programme is, in every sense of the word, a breakthrough project to allow the Russian aviation industry to expand into the world civil aircraft market for the first time. We are confident that the present Agreement will make it possible for us to fully meet all the current and future needs of the programme financing."