Business Services Industry
RUSSIA: COMPANIES - COMPETITION TAKES OFF FOR NEW RUSSIAN REGIONAL JET.(Brief Article)
IPR Strategic Business Information Database, November, 2002
The Russian Aviation and Space Agency is considering proposals from the Sukhoi, Tupolev, and Myasishchev aircraft companies to develop a new, short-range regional aircraft to rejuvenate domestic carriers' aging fleets, "The Moscow Times" reported on 5 November. The state will provide 3.8 billion rubles ($120 million) of financing over 10 years to develop a 50- to 95-seat aircraft with a range of up to 4,000 kilometers and a price tag of $25 million.
Industry analysts told "Vedomosti" on 4 November that state support will cover only 15-20 percent of development costs. At the same time, other Russian players are looking to ailing German aircraft manufacturer Fairchild Dornier and its 70-seat 728 regional jet as a possible alternative. Swiss-based Aviation Finance...
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