Ilyushin Finance Corporation has confirmed it has reached a tentative agreement to buy ten C-Series aircraft from Bombardier.
If completed, it would be the first order from Russian for the Canadian aircraft manufacturer.
IFC, an aviation leasing company, said it has signed a letter of intent to buy seven C-Series 300 planes and three smaller C-Series 100 aircraft.
The agreement includes an option to buy ten further C-Series planes and purchase rights on a further ten.
The deal is valued at approximately USD$660 million.
“This letter of intent represents a significant breakthrough for Bombardier in a market with huge potential,” said Bombardier spokesman John Arnone at the MAKS air-show outside Moscow.
The Montreal-based plane maker forecasts that over the next 20 years Russia will require about 430 new aircraft seating between 60 and 149 passengers, Arnone added.
Bombardier also announced today a European airline, which has requested to remain unidentified, has signed a firm order for four Q400 NextGen high-speed turboprop airliners.
The transaction includes options on an additional four Q400 NextGen aircraft.
Based on the Q400 NextGen aircraft list price, the firm order is valued at approximately US$126 million.
“The technologically advanced Q400 NextGen aircraft is a large, fast, quiet and fuel-efficient regional turboprop,” said Gary Scott, president, Bombardier Commercial Aircraft.
“Airlines everywhere are today enjoying the full profit potential of the advanced capabilities of this high-performance, high-profit alternative to a jet, and benefit from the optimized aircraft for short-haul operations in the 70- to 80-seat segment.”