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Aircraft. "Maks 2017": 13th edition opened yesterday by Putin

Moscow, Russia - Contracts, supplies, cooperation agreements, business program, innovations and flights

The 13th International Aviation and Space Salon "MAKS 2017"(July 18-23) was opened yesterday by President of Russia Vladimir Putin. As part of the event he conducted a meeting on commercial aircraft industry development issues. The President of Russia was also present at the execution of a fixed-price contract for the supply of Sukhoi Superjet 100 aircraft to Aeroflot–Russian Airlines. Contracts and Supplies Day One of the MAKS 2017 witnessed the signing of a number of meaningful contracts for the supply of domestic aircraft. For instance, Vladimir Putin was present at the execution of a fixed-price contract for the supply of 20 Sukhoi Superjets 100 (SSJ-100) to Aeroflot – Russian Airlines. A trilateral agreement was signed by CEO of Aeroflot – Russian Airlines Vitaly Saveliev, Chairman of Vnesheconombank Sergey Gorkov and President of United Aircraft Corporation Yury Slyusar. 20 aircraft will be delivered under the contract in the period from summer 2017 to July 2018, causing Aeroflot's fleet to increase to 50 SSJ-100 jets. The latter will have two-class composition with 12 business class seats and 75 economy class seats. As reported earlier, the memorandum of understanding between Aeroflot and Sukhoi Commercial Aircrafts was signed in January 2015. Ilyushin Finance Co. (IFC) lease company executed a fixed-price contract for the delivery of 16 MS-21 aircraft to Red Wings. Deliveries under the agreement will occur in the period from 2019 to 2022. Jets will be delivered using the operating lease model for 12 years. The Lessor noted that four out of 16 aircraft will be equipped with PD-14 engines made by United Engine Corporation. The parties signed a preliminary agreement for 10 MS-21-300 in 2013. Another future lessee of the state-of-the-art MS-21 long-haul aircraft is VIM-Avia, which signed an agreement of intent with IFC on the first day of "MAKS 2017", specifying the terms and conditions of operating lease of fifteen MS-21-300 aircraft for the period of 12 years. Deliveries are expected between 2021 and 2024, and the approval of transactions terms is expected to be finalized by the end of 2017. The carrier still has to select an engine type – PD-14 or PW1400. Aircraft will have single-class composition for 211 seats. Cooperation Agreements "MAKS 2017" hosts the execution of cooperation agreements, opening up new horizons for aircraft manufacturers and partners. For example, State Transport Leasing Company (STLC) entered into an agreement of intent to increase the credit facility limit syndicated by Gazprombank. The limit was raised from RUB 30 billion to RUB 43.1 billion. Extra funds to be raised will be invested by the lessor in the purchase of four SSJ100 aircrafts. As reported earlier, the Russian Government adopted a decision to increase the authorized capital of STLC by RUB 4 billion using budget funds, which allowed increasing the number of the SSJ-100 being ordered to 36 aircraft. United Aircraft Corporation and Rostec State Corporation entered into a cooperation agreement in the domain of flight vehicle quality. The key points of the agreement are to reduce the duration of investigation into the reasons behind flight vehicle failures, to lower failure rates and to improve quality. Furthermore, the parties agreed to develop a set of joint activities aimed at raising significantly the satisfaction of flight vehicle operators and targeting the exchange of information about product quality and reliability. United Engine Corporation and VTB Bank, in continuation of their strategic partnership, signed agreements concerning a number of projects on day one of the salon. For instance, the financial institution will take part in financing the programs for developing the manufacture of GTD-110М, a new upgraded high-capacity power facility; the re-equipment of UEC's subsidiaries; the program of localizing in Russia the production of the parts of the SaM146 turbofan engines hot section; the completion of research, development and mass production of PD-14 engines; the re-equipment of UEC’s manufacturing plants for the ТВ7-117 engine production purposes; development and implementation at the holding company's manufacturing plants of integrated management systems based on advanced information technologies. VTB will also render a broad range of banking services to UEC. The establishment of Saturn Smart Factory is the subject matter of another agreement between the Yaroslavl Regional Government, UEC and VTB. The document contains the fundamental principles of further development of cooperation and interaction among the corporation, the bank and the region in the area of the Factory of the Future project implementation, namely: production and social infrastructure development, the provision of necessary resources, the creation of favorable taxation conditions. UEC – Perm Engines, a subsidiary of United Engine Corporation, signed an agreement with VSMPO-Avisma Corporation. The document confirms the intention of engine manufacturers to contract the entire volume of the necessary titan products for the period until 2025. A vast package of agreements with the Russian enterprises was signed on July 18 by Novikombank, an official partner of MAKS 2017. More specifically, the financial institution will provide all-in-one banking services to UEC and the holding group entities, maintain payroll projects, improve and develop the corporation's settlement systems, implement state-of-the-art financial resource management technologies. Furthermore, it is planned to deposit at the bank UEC’s excess cash in the Russian rubles and foreign currencies, the bank also plans to prepare proposals for the development of lending and financing mechanism for implementation of the holding company's promising projects. Similar services will be rendered by Novikombank to Roscosmos State Corporation, the agreement with which was also signed on Tuesday. The document will allow the State Corporation, the enterprises and entities representing the aerospace industry to access banking products, such as online banking, lending for daily operations, financial examination of projects, the services of financial advisor in the execution of bank transactions. The payroll project is also implemented by Novikombank for Zverev Krasnogorsky Zavod, part of Shvabe Holding. Business Program The events that opened the MAKS 2017 business program were held on external platforms. These include the 15th Russian-Chinese Conference on Aircraft Aerodynamics, Dynamics, Strength and Flight Safety and the 3rd All-Russia Scientific and Technical Conference on "New Generation Materials and Technologies for Promising Aerospace Products." Landmark events 2017 include the second Eurasian Aerospace Congress, bringing together more than 700 delegates and participants. Tuesday witnessed a workshop for young researchers from the IFAR member entities under the "New Generation" program of Rossotrudnichestvo (Federal Agency for the CIS issues, living abroad compatriots and international humanitarian cooperation), round tables on Regional Cluster Policy in High-tech Industries", "Industrial Design in Aircraft and Adjacent Industries as Intellectual Property and Competitive Advantage," "Personnel Training for High-tech Economy Sectors" and "People Х – New Approaches Towards Engineering and Managerial Staff Training." The events of the International Festival for Children's and Youth Scientific and Technical Creativity "Clear Prop!" have been launched. Innovations – Aircraft The "MAKS 2017" is rich in innovations, a number of aircrafts are demonstrated to the general public for the first time. This Tuesday, we are going to speak about cutting-edge aircrafts. The MiG-35 4++ generation multipurpose jet fighter has been installed on the podium near United Aircraft Corporation’s pavillion and simply attracts the salon visitors’ attention. The machine equipped with a high-power engine, state-of-the-art radar and advanced avionics package is able to accomplish effectively tasks related to both winning air superiority and destroying onshore and offshore targets. Another aircraft, which has never been demonstrated at the MAKS before, is designated for initial pilot training. The Yak-152 piston aircraft is meant to be the successor of the Yak-50 and Yak-52, the most serial aircrafts in their class, "trainer aircrafts" for dozens of thousands of teenage boys and girls. Yak-152 took part in flying displays on July 18, their serial production is being launched in Irkutsk. The TVS-2-DTS aircraft developed by Siberian Aeronautical Research Institute reached the MAKS 2017 site on its own although its first flight took place in July 2017. This all-composite aircraft, informally called "coal cropduster," resembles the legendary An-2 it is meant to replace. The TVS-2-DTS has the outstanding takeoff and landing characteristics of its predecessor but faster speed and long-range capabilities, ensuring lower flying cost per hour. Flights Tuesday, July 18, saw a 24-minute program hosting the domestic aircraft industry novelties. The program was opened by the aircrafts manufactured by Russian Helicopters holding company. The SSJ100 and Be-200 aircrafts, as well as the cutting-edge MiG-35 and Yak-152 demonstrated gorgeous aerobatics. The T-50 performed paired aerobatics stunts for the first time in the history of the fifth-generation jets flying program. The program of the day ended with the Al Fursan aerobatic display team’s demonstration flights. The salon events were watched by more than 145,000 subscribers in the "MAKS 2017" social media. See for details AVIONEWS.

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