The LOI, Market Development Agreement and MOU
were signed at the 2013 International Aviation
and Space Salon, known as the MAKS 2013 Air
Show, held at Moscow's Zhukovsky Airport. Should
definitive agreements be reached, based on the
list price of the Q400 NextGen airliner, a
firm-order contract for 100 Q400 NextGen
aircraft would be valued at approximately $3.39
billion US.
The establishment of a Q400 NextGen aircraft
final assembly line in the Russian Federation,
as outlined in the MOU, is a key commercial
requirement of both the LOI and the Market
Development Agreement. Under the MOU, Bombardier
and Rostec will validate the opportunity to set
up a Q400 NextGen final assembly line in Russia
that would be managed by a joint venture between
the two parties.
Should definitive agreements be reached, a Q400
NextGen aircraft final assembly line in Russia
would produce aircraft for Russian customers and
would be incremental to Bombardier's current
Q400 NextGen aircraft production operations in
Toronto, Canada. Bombardier and Rostec are
working towards definitive agreements to be
concluded in 2014, subject to obtaining the
required internal, governmental and third-party
approvals, as well as other usual conditions.
"The implementation of this project with our
potential partner, Bombardier, will contribute
to the fleet renewal of our airlines, as well as
to improve flight safety and reduce fares on
regional routes. We are entering an important
stage of validation towards formalizing the
creation of this joint venture that will lay the
foundation for the future of Russian turboprop
aviation," noted Alexey Fedorov, Managing
Director, Aviation Projects, Rostec.
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