Moscow, 8 May 2015 – A consortium of investors comprising the Russia-China Investment Fund (RCIF), Sukhoi Civil Aircraft Company, United Aircraft Corporation, the Xixian New Area Management Committee of Shaanxi province (Xixian) and New Century International Leasing, have agreed to establish a leasing platform to promote the Sukhoi Superjet 100 (SSJ100) passenger aircraft to Chinese and other Asian markets. The signing ceremony was held as part of Chinese President Xi Jinping’s visit to Russia.
According to the agreement, the consortium plans to launch a leasing platform and create the necessary facilities in Xixian for its efficient operation. It is estimated that up to 100 aircraft will be delivered to the Chinese and South-East Asian markets through the leasing platform over the next three years.
Kirill Dmitriev, CEO of RDIF and Co-CEO of the RCIF, said:
“This investment will facilitate the establishment of an effective leasing platform to promote the SSJ100 in China and across the entire Asian market. Successful expansion of this project will bring the SSJ100 to the largest and most lucrative regional aircraft market in the world.”
Yuri Slyusar, President of the United Aircraft Corporation (UAC, Russia), said:
“We are really excited about a new leasing platform which should accelerate introduction of our aircraft into the most vivid aerospace market today. We believe that operators and passengers in China and across Asia will value theSSJ100 as the state of the art product in regional aviation. We also appreciate a high level support of our joint project from Chinese and Russian leaders, which again proves strong political and business ties between both countries.”
Kevin Ma, COE of New Century International Leasing, said:
“The Chinese airline market is still under development and there are great potentials in market segments like business jet and budget flight. We are pleased to have the opportunity to cooperate with join venture partners and leverage our experiences on aircraft leasing and operation. We are very confident to achieve a great success.”
Wang Jun, Executive Director of Xixian, said:
“The investment has further confirmed Xixian is the most appropriate location for Russian enterprises to do business and develop projects in China. Xixian will provide SSJ100 with the most comfortable conditions and extra opportunities for potential expansion of the sales channels into further Asian markets.”
Russia-China Investment Fund (RCIF) is a private equity fund established to invest in unique opportunities which have appeared as a result of rapid development of economic cooperation, fast growing trade, and increasing purchasing power of the middle class in Russia, China and CIS countries. The Fund was created by the Russian Direct Investment Fund (RDIF) and China Investment Corporation (CIC). RCIF are most focused on cross-border transactions, as well as investment opportunities within the economic region across a broad range of sectors to facilitate both countries’ the structural reforms and economic efficiency. Further information at www.rcif.com
Russian Direct Investment Fund (RDIF) was established in 2011 to make equity co-investments, primarily in Russia alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. Based in Moscow, RDIF’s management company is a 100% subsidiary of Vnesheconombank. Further information at www.rdif.ru
Sukhoi Civil Aircraft Company: the Company’s shareholders are Sukhoi Holding (a UAC Company) and the Italian Finmeccanica-Alenia Aermacchi since April 7, 2009. Sukhoi Civil Aircraft was founded in 2000 to develop new regional aircraft projects and is in charge of the aircraft development, certification and production. The company is also responsible for SSJ100 marketing, sales in Russia, the CIS, China, India, Middle East and Southeast Asia. Headquartered in Moscow. Sukhoi Civil Aircraft has a branch seated in Russian city of Komsomolsk-on-Amur. Sukhoi Superjet 100 is the main project of the Company.
Sukhoi Superjet 100 (SSJ100) is a 100 seat regional jet designed, developed and built by Sukhoi Civil Aircraft Company (SCAC), in partnership with Finmeccanica-Alenia Aermacchi. On May 19th 2008 SSJ100 successfully accomplished its first flight. The Sukhoi Superjet 100 cruises at a Maximum Operating Speed of Mach 0.81 and 40,000 feet. It takes off from a 1,731 meters runway in the basic range and 2,052 meters in the long range. The operating range for the basic version is 3,048 km and 4,578 km for the long range version. All models of the Sukhoi Superjet 100 are equipped with the same engine, two SaM 146 turbofans. Today the SSJ100 is certified by multiple National Aviation Authorities: EASA, IAC AR and Mexican, Laos, Indonesian Civil Aviation Authorities. In 2011 the first production SSJ100 entered into service.
The United Aircraft Corporation (PJSC “UAC”) was established in 2006 to consolidate Russia’s main assets in aircraft design and production. Currently Russian Federation is the Corporations’ main shareholder with more that 85% of shares. UAC is formed by the following design bureaus and manufacturing plants: Sukhoi Company, Irkut Corporation, UAC – Transport Aircraft, Ilyushin, Nizhny Novgorod Aircraft building Plant Sokol, Tupolev, Ilyushin Finance Company, Aviastar-SP, Voronezh Aircraft Company, Russian Aircraft Corporation MiG, Myasishchev Design Bureau, Beriev Design Bureau, Aerocomposite, Gromov Flight Test Institute. UAC’s enterprises carry out full cycle of works from aircraft R&D to after sales support and afterlife utilization. UAC revenue in FY2014 has reached 285 billion roubles. The Corporation employs more than 98 000 people. Mr. Yury Slyusar is UAC’s President.
New Century International Leasing (NCIL) is China’s market leader in the leasing industry and since its start in 1994 it is having provided over billions USD leasing facilities to over 2,000 high credit rating corporate clients (“Structured Finance Business”). Leveraged on its long experience of vendor programs, NCIL has evolved in Aircraft and Corporate jet business and also other business areas such like Land Transport, ATM, Telecom, Infrastructure & Construction, NCI Express, Medical, Alternative Energy and Vessel. NCIL is well recognized by blue-chip clients and major financial institutions (triple-A credit).
Xixian New Area (Xixian), a state-level new area, orientated as a regional leading innovation center in west China and a key area for China's national strategic plan of West Development and “One Road and One Belt”, emphasizes to explore new paths for innovative development of the Country by realizing the perfect combination of urban functions and agriculture. Further information at www.xixianxinqu.gov.cn
Russian Direct Investment Fund
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United Aircraft Corporation
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