UAC And Subsidiaries Sign Contracts Worth $7.7 Billion At MAKS 2013

The most significant contract signed on the first day of MAKS-2013 is the deal which provides maintenance services for the aircraft managed by the Russian MoD and totals $2.5 billion. 

UAC order portfolio increased by 73 Sukhoi Superjet 100 and MC-21 aircraft worth $5 billion at list prices. 

Another notable event of the show was the conclusion in the presence of Mr. Medvedev of a number of contracts aimed at establishment of a competitive sales and financial support system for civil aircraft deliveries. 

In particular, two contracts signed with Sberbank and Sberbank Leasing are to build up a competitive and state-of-the-art civil aircraft operating leasing and sales framework. Besides, Sukhoi Civil Aircraft and Sberbank Leasing are planning to set up a joint venture which to provide Sukhoi Superjet 100 leasing and promotion. The joint venture will consolidate Sukhoi Civil Aircraft expertise in creation of state-of-the-art aircraft and their subsequent technical support with the current expertise and opportunities of Sberbank Leasing Group in the market of operative leasing with the use of the best world practices.

The Export Insurance Agency of Russia (EXIAR) and the United Aircraft Corporation signed a Memorandum of Strategic Cooperation which implies development of a special insurance program to cover export credits for Sukhoi Superjets 100 foreign customers. The program is to be updated to the state-of-the-art requirements of the world financial institutions which extend credit programs for Sukhoi Superjet 100 exports.