The Canadian Bombardier and the Russian state corporation Rostec signed agreements on 100 Q400 NextGen turboprop aircraft, including the creation of a joint venture for assembling machines in Russia.
According to the documents, Rostec’s subsidiary, Aviacapital Service, a leasing company, will provide 50 Q400 NextGen aircraft built in Canada to Russia. The agreement will be transferred to a firm contract only after the creation of a joint venture in the Russian Federation. At the Russian facilities should be collected at least 50 machines. They signed an agreement between the Russian leasing company Ilyushin Finance and Bombardier. It clarifies that the aircraft will be purchased from a joint venture of Canadians and Rostec. In the case of the implementation of the agreements, the total value of contracts for one hundred Q400 NextGen will reach about 3,4 billion dollars, Bombardier said. The joint venture is being created on a parity basis, Rostec said. During 2014, the state corporation invests 100 million dollars in the construction of a plant in the Ulyanovsk port special economic zone. Canadians will transfer intangible assets: technology, design documentation and intellectual property rights. In the first year, the aircraft will be built in Canada, and in Ulyanovsk - to adapt to a specific customer. But already from 2015, Rostec plans to fully localize the assembly, and from 2016, the production of airframe components in Russia. The capacity of the Russian plant will be 24 machines per year. According to Rostec, the airlines of the Russian Federation and the Commonwealth of Independent States will need about 2030 Q250 NextGen until 400. This is a turboprop aircraft with a capacity of up to 78 seats. Range - 2,5 thousands of kilometers. Catalog price is about 30 million dollars.