Russia, Boeing sign $3.7 bn deal for 50 planes

By IANS/RIA Novosti,

Moscow : State-owned corporation Russian Technologies signed an agreement with US jet maker Boeing for 50 Boeing-737 Next Generation planes worth $3.7 billion, the companies said in a joint statement.


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James Albaugh, Boeing executive vice president, said after the signing of the agreement that the jets would be supplied in 2013-2016. The deal includes an option to buy 35 more of the planes.

In August 2009, Russian Technologies announced a tender for the supply of planes for state-owned airlines. Russia’s United Aircraft Corporation (UAC), Boeing and Airbus submitted bids and Boeing was chosen in May this year.

Originally, the planes were meant for Rosavia, an airline created by Russian Technologies, but the government later decided to transfer the assets of the invalid company and the shipment of the jets to the Russian flagship carrier Aeroflot.

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