Russian Technologies, Boeing sign 50-plane, $3.7bln deal

20:50, 17 September 2010

SOCHI. September 17. KAZINFORM State-owned hi-tech corporation Russian Technologies signed an agreement on Friday with the U.S. jet maker Boeing for 50 Boeing-737 Next Generation airliners worth $3.7 billion, the companies said in a joint statement; Kazinform refers to RIA Novosti.

The Russian Technologies Supervisory Board will consider the agreement in October.

James Albaugh, a Boeing executive vice president, told journalists 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 an open tender for the supply of medium-range narrow-bodied planes for state-owned airlines. Russia's United Aircraft Corporation (UAC), Boeing and Airbus all submitted bids and Boeing was chosen in May this year.

Originally, the planes were meant for Rosavia, an airline created by the 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; Kazinform cites RIA Novosti.

See www.en.rian.ru

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