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

Following a landmark satellite network milestone, Viasat simplifies JetXP business aviation service plans

Viasat, a global leader in satellite communications, has enhanced its JetXP business aviation connectivity service with a simplified three-tier plan structure and, for the first time, publis...

Which aircraft are most commonly used for medical air services?

From Learjets and Challengers to turboprops such as the Pilatus PC-12, different aircraft bring different capabilities to a medical flight. Sebastian Demiet, COO of MTI 24/7, explains why aircraft sel...

Airbus secures CASA design approval, expanding its Australian capabilities

Airbus has secured 21.J Civil Design Organisation Approval from Australia’s Civil Aviation Safety Authority (CASA), marking a significant milestone for its local operations and enhancing its abi...

NetJets expands exclusive-use terminal network across the United States

NetJets is elevating its premium ground experience with the introduction of new exclusive-use private terminals at Dallas Love Field (DAL), Washington Dulles International Airport (IAD) and Colorado&r...

Android Apps development in Riga, Latvia