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Fri, Aug 19, 2011

Russian Leasing Company Looks To Canadian Airplanes

Bombardier And Ilyushin Leasing Announce Tentative Deal

Russian leasing company Ilyushin has reportedly signed a letter of intent with Bombardier for 10 new CSeries aircraft, the two parties announced Wednesday.

The deal includes three CS100s and seven CS300s with options for 10 additional aircraft divided the same way. The French news service AFP reports the total value of the deal if the options are exercised at $1.28 billion.

Bombardier anticipates that the first flight of the CSeries jets to happen in the second half of 2012. The CS100 series jets are expected to enter into service in 2013, followed by the CS300 late the following year.

FMI: www.bombardier.com, www.ifc-leasing.com/en/index/

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