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Russia may aspire for at least 10% of China’s regional aircraft market — company

Supplies of SSJ-100 aircraft to the Chinese market may start in 2016

© ITAR-TASS / Alexandra Mudrats, file

MOSCOW, May 8. /TASS/. Russia may aspire in the future for at least 10% of China’s regional aircraft market, senior vice president of Sukhoi Civil Aircraft Company Evgeny Andrachnikov told TASS Friday.

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"In the nearest 20 years China’s regional aircraft market will reach 1,000-1,300 units. We may and should aspire for at least 10% of this market. For this the joint leasing company is being set up and a strong bilateral backing of financial institutes is being attracted. 100 aircrafts within 3 years under those conditions is an achievable goal," he said.

Earlier on Friday the Russian and Chinese sides signed an agreement on setting up a joint Russia-China leasing company. According to the agreement, the consortium of investors of the company will be joined by the Russia-China Investment Fund, Sukhoi Civil Aircraft Company, the Russian United Aircraft Corporation and the Chinese company New Century International Leasing. The Russia-China leasing company plans to acquire around 100 aircrafts for a total of around $3 bln from the Sukhoi Civil Aircraft Company and supply them to China and the markets of Southeast Asia. The headquarters of the new leasing company will be placed on the territory of the Russia-China tech park in Shaanxi province.

Earlier CEO of the Russian United Aircraft Corporation (UAC) Yuri Slyusar said the supplies of SSJ-100 aircraft to the Chinese market may start in 2016. "We’re planning five [aircrafts to be supplied to the Chinese market in 2016 - TASS]. I think concerning the model under discussion now we’ll be starting from 5-10 aircrafts. I mean 5 aircrafts is a kind of basic model, we hope to up this figure to 10," Slyusar said.

Andrachnikov said the decision on setting up and on parameters of the leasing company was being made within short time period.

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