VNUKOVO AIRPORT, MOSCOW --- Today in the presence of Victor Khristenko, the Russian Minister of Industry and Trade, and Claudio Scajola, Minister of Economic Development, Republic of Italy, Mikhail Pogosyan, Director General of Sukhoi Holding, and Pier Francesco Guarguaglini, Chairman and Chief Executive Officer of Finmeccanica, have officially announced the completion of the acquisition of 25% + 1 share in the SCAC capital.
The value of the stock acquired by Alenia Aeronautica is of USD 183 mln (138 mln euro). This agreement makes the Sukhoi Superjet 100 Program the most relevant aviation partnership between Russia and Europe ever seen.
In 2007 Finmeccanica’s company Alenia Aeronautica and Sukhoi Holding formed SuperJet International, a joint venture (51% - Alenia Aeronautica, and 49% - Sukhoi Holding) based in Venice, responsible for marketing, sales and aircraft delivery in Europe, North and South America, Africa, Japan and Oceania as well as for worldwide logistic support for the Sukhoi Superjet 100 regional aircraft family.
The Russian Certification of the Sukhoi Superjet 100 aircraft, which has to date received firm orders for 98 aircraft, is expected by the end of 2009, as well the delivery to the first customer.
Mikhail Pogosyan, Director General of Sukhoi Holding, notes, “The deal closed today means that the biggest alliance between Russia and Italy in the aircraft industry has been fully developed. Further on, Alenia Aeronautica, our strategic partner, will solidify the Sukhoi Superjet 100 market potential worldwide and will provide our product with distinct logistic support”.
Pier Francesco Guarguaglini, Finmeccanica's Chairman and Chief Executive Officer, notes: "This agreement is the first fundamental step for an ever broader collaboration between Finmeccanica, Sukhoi and the Russian industry in the aeronautics field and paves the way to more partnerships in other strategic industrial sectors”.
Sukhoi Civil Aircraft Company is a Sukhoi Holding company founded in 2000. Headquartered in Moscow, SCAC enjoys branches at its production sites in Komsomolsk-on-Amur, Novosibirsk and Voronezh. Today SCAC employs over 2,000 people.
At present, SCAC’s flagship project is the Sukhoi Superjet 100 Program. SSJ100 integrates the best solutions the global aerospace industry can provide. The aircraft will be certified according to both Russian and international regulations. The world market share for Sukhoi Superjet 100 is estimated at 1,040 aircraft by the year 2027. Sukhoi Superjet 100 aftersales support is handled through SuperJet International – a joint venture between Alenia Aeronautica and Sukhoi Company.
The SSJ100 was unveiled to the global aerospace community on September 26, 2007 and it successfully accomplished a 65 min maiden flight on May 19, 2008. Sukhoi Superjet 100’s current firm order portfolio totals 98 aircraft. Today the aircraft is conducting a full-scale certification flight program.
Alenia Aeronautica is a Finmeccanica Company. It is the largest Italian aeronautic player which operates world-wide in the commercial and military aviation, unmanned aerial vehicles and aerostructures. Alenia Aeronautica also coordinates the activities of Alenia Aermacchi and Alenia Aeronavali - wholly owned companies – respectively active in the design and manufacturing of military trainer aircraft and in the overhaul, maintenance and modification of military and civil aircraft.
With its joint ventures ATR and Superjet International, Alenia Aeronautica is the world leader in the regional turboprop market and a top player in the regional jet sector. Over 2008 Alenia Aeronautica reported revenues of 2,530 million Euros, backlog for 8,281 million Euro and orders for 2,720. The total workforce is 13,907.
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Sukhoi Civil Aircraft and Alenia Aeronautica Announce Completion of the Acquisition of 25% + 1 share in the SCAC Capital
