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Airbus to deliver 12 bln dollars worth of planes to Russian air companies

July 19, 2013, 0:54 UTC+3
Airbus, a European aircraft building firm, will supply about 12 billion dollars worth of aircraft to Russian air companies before 2019
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Photo ITAR-TASS

Photo ITAR-TASS

HAMBURG, July 18 (Itar-Tass) - Airbus, a European aircraft building firm, will supply about 12 billion dollars worth of aircraft to Russian air companies before 2019, an Airbus representative told Itar-Tass during a handover of an A321 plane to the U-Tair airline based at Khanty-Mansi airport on Thursday.

"At present, Russian air carriers have ordered 77 planes with a catalog cost of around 12 billion dollars,” the Airbus representative said. He added that Russian air carriers will receive over 100 Airbus planes via leasing companies in the next five or six years.

Direct orders include four A380 planes and eight A320 neo aircraft for Transaero; twenty-three A320 aircraft for the S7 group and twenty-two A350 planes for Aeroflot. An aircraft building plant in Hamburg handed over the first out of 20 commissioned A321 planes to the U-Tair airline on Thursday.

U-Tair and Airbus signed a contract for the delivery of A321 aircraft at Farnborough in the summer of 2012. The Russian airline will first operate the A321s on domestic and later on international lines. The contract’s catalog price exceeds 2.3 billion dollars.

The planes will be purchased on financial leasing terms. The deal was financed by a group of international fiscal institutions and guaranteed by European export credit agencies such as Euler Hermes (Germany), Coface (France) and ECDG (Britain).

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