Projects financed by the EDB
Financing the production of Sukhoi Superjet 100 passenger planes
Russia competes once again in global aircraft engineering market
In many countries, air transport is a priority of most governments’ development policies. This high-tech industry is capable of generating huge revenues and of influencing the development, output and income levels of many related sectors of the economy. Civil aviation is also a vital service for people and businesses.
In 2000, Sukhoi, a leading Russian aircraft engineering company, set up a subsidiary called Sukhoi Civil Aircraft (SCA) to focus on its civil aviation projects. The company’s start-up innovation was a programme to create the Sukhoi Superjet 100 family of Russian regional aircraft. SCA handles every aspect of their production including design, development, production, certification, marketing and sales. To ensure that the company would have a modern, worldwide after-sales system, and to promote the planes in developed markets, Sukhoi and Alenia Aeronautica of Italy (Sukhoi’s strategic partner in the Sukhoi Superjet 100 project) set up a joint venture, SuperJet International.
In August 2008, EDB signed a loan agreement with SCA to assist in the creation of the new Russian Sukhoi Superjet 100 aircraft. Financing was provided in the form of a 10-year loan facility of US $100 million. The funds were used to complete the prototypes, to help fund start-up production of the Superjet and support the sales process in Russia and worldwide.
In 2010, industrial production was launched and infrastructure created to put these planes into commercial operation. The first Sukhoi Superjets 100 were supplied to airlines for commercial use in the second quarter of 2011.
Created through broad international cooperation, Sukhoi Superjet 100 has significant export potential and will allow Russia to regain its competitive position in global civil aircraft markets.