Russia's Sukhoi Civil Aircraft Company (SCAC) plans to draw on some 238.4 billion rubles ($3.7 billion) in funds by additionally raising its share capital, the company said Friday.
In September, SCAC shareholders decided to boost the company's share capital by emitting 1,000-ruble shares.
"The price of one common registered uncertificated share of the Sukhoi Civil Aircraft Company, priced nominally at 1,000 rubles, will be set at 2,167 rubles," the company said in a statement.
The move comes after Italy's Leonardo-Finmeccanicа engineering conglomerate decided to minimize its stake in the Sukhoi SuperJet 100 project earlier this year, pulling out of a previous emission of shares.
SCAC was formed in 2000 to diversify the Sukhoi Company aircraft manufacturer into civil aircraft design and construction. The company is majority-owned by the Sukhoi Company and currently focuses on the Sukhoi Superjet 100 project. The plane is a twin-engine regional passenger airliner which completed its maiden flight in 2008 and was first commercially sold in 2011.
Following the successful public flight demonstrations at Expo 2025 Osaka, SkyDrive announced plans to undertake a feasibility study exploring the conversion of Osaka City’s existi...
flyadeal, the fast-growing low-cost carrier of Saudia Group and one of the GCC's largest budget airlines, has expanded its presence in India with the launch of non-stop flights between Riyadh and...
PAL-V has signed a Memorandum of Understanding with AVION, a specialist in advanced flight training devices, and FLYVE, a developer of FlyDrive ecosystems for professional and government operator...
British Airways has unveiled the next phase of its Heathrow lounge transformation programme, marking the beginning of a significant investment aimed at modernising every lounge across the airport in t...
