Aeroflot signs $5bn order for 50 MC-21 planes

Aeroflot signs $5bn order for 50 MC-21 planes

Aeroflot will become the largest customer for the latest Russian-built medium-range aircraft, the MC-21, following a deal between the flag-carrier and Rostec.

Under the terms of the order, Rostec, a leasing subsidiary of Aviacapital-Service, will supply Aeroflot with 50 MC-21-300 aircraft.

The leasing payments and reserves for maintenance will total more than US$5 billion.

The aircraft will be configured for Aeroflot to carry 169 passengers, with 16 business-class and 153 economy-class seats.

In the first phase of the contract the aircraft will be delivered with engines produced outside Russia.

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From the 26th aircraft Aeroflot has the option to receive aircraft with new Russian-built PD-14 engines, which are currently undergoing certification testing.

The first aircraft is scheduled for delivery to Aeroflot in the first quarter of 2020, with the order planned to be completely fulfilled by 2026.

Each aircraft will be leased for a term of 12 years, with the option of two-year extensions on the lease no more than three times.

Aeroflot plans to operate the aircraft on both domestic and international routes.

Vitaly Saveliev, chief executive of Aeroflot, said: “The signing of a firm order for 50 MC-21 aircraft is a landmark event not just for our two companies, but for our country.

“Russian manufacturers have created the first next-generation passenger aircraft, marking Russia’s return as a global leader in the aviation industry.

“In today’s geopolitical context we believe it is essential that there is competitive Russian-made technology, and that it is of the highest quality and competitively priced.

“For this reason, our partnership with Rostec, our largest partner and a shareholder of Aeroflot, is of critical importance.”

The MC-21 is a medium-haul, narrow-body aircraft produced by Irkut Corporation (part of United Aircraft Corp) in cooperation with leading Russian manufacturers.

Rostec subsidiaries involved in the production of the aircraft were VSMPO-AVISMA, United Engine Corporation, Technodinamika, Concern Radio-Electronic Technologies, and RT-Chemcomposite.

The MC-21 boasts an innovative ergonomic cabin for pilots and improved capabilities thanks to the unique engineering solutions deployed.

Sergey Chemezov, chief executive of Rostec, said: “This agreement underscores that Russia’s civil aviation industry is making a comeback and taking its place among leading global manufacturers.

“The MC-21 represents a genuine breakthrough achievement for the aviation industry.

“The aircraft uses cutting-edge materials and the latest generation of systems, created by leading Russian companies.

“Elements of the MC-21 that Rostec produces include titanium and composite parts, on-board electronics, chassis components, other systems, and the ‘heart’ of the aircraft – the PD-14 engine.

“We believe that this engine will be selected by Aeroflot as the primary power plant for the MC-21.”