Rus News Journal

To Voronezh have ordered planes on $500 million

Yesterday the avialeasing company Ilyushin Finans Ko (IFK) has signed the contract from Open Society the Voronezh joint-stock aircraft constructing society (VASO) on delivery of nine planes of family Silt - 96. Order cost - about $500 million Aircrafts should be put till the end of 2008. Among lizingopoluchatelej - airlines Cubana (Cuba), Volga - Dnepr Atlant - the Union and, probably, Chinese Silk Route Cargo Airlines CoLtd. According to general director VASO Michael Shushpanova, on factory building berths in different degree of readiness - five air liners of type Silt - 96. As general director IFK Alexander Rubtsov yesterday has informed, the avialeasing company has signed firm contracts about delivery of 13 planes of family They be 204 with the Ulyanovsk aircraft factory joint venture Aviastar and nine liners of type Silt - 96 - from VASO. Thus, the order is generated by total cost of $970 million, from them for the Voronezh factory - about $500 million Planes will be put the Russian and foreign customers till the end of 2008. Among lizingopoluchatelej - air carriers Cubana (Cuba), Volga - Dnepr Atlant - the Union and, probably, Chinese Silk Route Cargo Airlines CoLtd from which the report on intentions is at present signed.

according to Alexander Rubtsova, the reserve of planes at both factories is settled now and there was a necessity urgently to start building new, in due time to carry out of obligations to customers. The portfolio of orders IFK on air liners of different types makes about 80 boards. from the moment of reception of metal before commissioning term of manufacturing of one liner makes from 16 till 18 months, therefore it is necessary to put new planes. We try to pass from piece manufacture of aircrafts to the serial. And in the near future new contracts " will be signed; - the head of the avialeasing company has noted.

financing of building of air liners will be conducted at the expense of the means received from placing of additional actions IFK among shareholders of a society, and also at the expense of bank loans involved under contracts and advance payments from customers of planes. According to mister Rubtsova, on VASO and Aviastar from the beginning of year in the form of advance payments it is already directed an order $80 million Till June, 1st on aircraft factories it is planned to direct in addition about $150 million received from payment dopemissii by private shareholders, among which - National reserve corporation (NRK), supervised by the deputy of the State Duma Alexander Lebedev. Dopemissija which allowed IFK to receive provided in the federal budget 2005 2,75 mlrd roubles on realisation of leasing programs, in August of the past year has been partially blocked as a result of arrest of shares of company. Authorised capital stock IFK which at that point in time made $220 million, should be increased by $250 million State at the very end of December 2005 - go has contributed the share in $100 million, however NRK and other private shareholders to pay $150 million from - for arrest of actions IFK could not.

arrest has been removed from 55 % of actions IFK in the middle of April. As Alexander Rubtsov has told yesterday, with private shareholders the arrangement on payment of issue till the end of May is reached. 60 % of the received means will list VASO, the others - Ulyanovsk to Aviastar . Carrying out of the second dopemissii actions which, by words the top - managers IFK, will increase a company authorised capital stock in ones and a half - two times is till the end of the year planned.

According to general director VASO Michael Shushpanova, now on aircraft factory building berths in a condition close to end are three Silt - 96 in a passenger variant and two - in cargo, five more liners - in details. we will hand over two passenger air liners in the end of the current year, one passenger and two cargo - till the end of the following - Michael Shushpanov has informed.