50 SKY SHADES - World aviation news

Ilyushin Finance Co has reduced the number of ordered CS300 from 32 to 20 aircrafts

Download: Printable PDF Date: 09 Aug 2016 18:58 (UTC) categories:
Publisher:
Ilyushin Finance Co has reduced the number of ordered CS300 from 32 to 20 aircrafts - Finance publisher
Dana Ermolenko
Country: Russian Federation Aircraft: Airplanes

The leasing company "Ilyushin Finance Co". (IFC) has reduced the number of ordered Bombardier CS300 from 32 to 20 aircrafts. The delivery is expected in late 2018.

The parties explain this adjustments differently. According to Bombardier's opinion Russian customers consider new market’s demands, but IFC refers to the Canadian export agency which hasn’t provided cheap financing due to the sanction against Russia.

In 2013 IFC signed the agreement to buy 32 CS300 aircrafts with an option for another ten aircrafts. In 2014 seven of this option have been transformed into the firm order. However now it comes only to 20 CS300 aircrafts and one turboprop Q400, the option gives an additional five Q400. Such decision has been made due to the «current market demands», said Bombardier.

It was planned that CSeries will occupy the niche which wouldn’t recovered by SSJ100 and MC-21. MC-21 and CS300 are unified at 60% by components and equipment. By the agreement of intent with Canadians IFC can provide the access of Bombardier’s service network to the MC-21 customers. Russian airlines’ respondents do not comment on the interest in CSeries.





Recommended

Vista House makes exclusive Asia debut amid Formula 1 Singapore Grand Prix excitement

Vista is set to debut its signature hospitality concept, Vista House, in Singapore, elevating one of Asia’s most anticipated sporting weekends with a refined, members‑only experience. Conceived...

La Compagnie to introduce nonstop all-business-class service between New York and Düsseldorf

La Compagnie, the 100% Smart Business Class airline, today announced its intention to inaugurate a new nonstop transatlantic route linking Newark Liberty International Airport (EWR) and Düsseldor...

Jet Agent: Why operating history should influence every international aircraft acquisition

Aircraft from emerging markets can represent excellent acquisition opportunities but understanding where and how an aircraft operates should shape the pre-purchase inspection and wider due diligence p...

Daher Aircraft is ranked No. 1 in Pro Pilot magazine’s Product Support Survey for the sixth consecutive year

Daher Aircraft has reaffirmed its leadership in turboprop aviation, securing the No. 1 position for the sixth consecutive year in Professional Pilot magazine’s Product Support Survey. In the 202...

Android Apps development in Riga, Latvia