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Supersonic jet project discussed with Mubadala Fund

The project can be a multilateral one, Russian Minister of Industry Denis Manturov noted

MOSCOW, July 9. /TASS/. A supersonic jet project was discussed with the UAE-based Mubadala Fund, Russian Minister of Industry Denis Manturov said on Tuesday.

"We have touched the topic related to development and production of the supersonic jet," Manturov told reporters.

The project can be a multilateral one, the Minister noted. "Colleagues showed interest, considering that they have already invested into the innovation sector of our industry," Manturov added.

Russian specialists started the research work on the supersonic passenger jet, the Minister said in February 2019.

Specialists of the United Aircraft Corporation can design a supersonic business jet in seven-eight years and the demand on the domestic market can be 20-30 planes with the price of $100-120 mln each, representatives of the Russian Ministry of Industry and Trade told TASS earlier.