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Company Watch - Sukhoi Aircraft.

Sep 17, 2007

Alenia Aeronautica is waiting for Russian President Vladimir Putin to sign a decree allowing the Finmeccanica subsidiary to take a 25%-plus-one share in Sukhoi Civil Aircraft Co. Non-Russian companies are allowed to take only 25% in certain strategic industries, including aviation, and a special presidential decree is necessary for the Italian company to acquire the extra share. Sep 12, 2007

At June's Paris Air Show, a general agreement was signed between Alenia Aeronautica and Sukhoi Holding for the 25.1% shareholding, paving the way for Finmeccanica to realize its longstanding ambition to be involved in a regional jet program. It currently is a 50% shareholder through Alenia Aeronautica in turboprop manufacturer ATR, with EADS holding the other half. It is widely known that Finmeccanica would like to take over EADS' shareholding in ATR. Sep 12, 2007

Sukhoi does not intend to follow the example of Airbus with its A380 or Boeing with its 787 and stressed this week in Venice that its SSJ program is proceeding according to schedule. The prototype Superjet 100 is in final assembly at Komsomolsk and rollout of the 95-seat variant is scheduled for Sept. 26. First flight will take place by year end and first delivery to Aeroflot is expected in November 2008. Delivery to the first Western customer, ItAli Airlines, is planned for December 2009. Sukhoi GM Mikhail Pogosyan said the company will take a decision on the development of a shorter or stretched version "in a short time." Sep 12, 2007

The Russians are coming, bad news for other regional jet makers Bombardier and Embraer. The multi-national Superjet International joint venture, which is intended to market and support the Sukhoi-developed and built Superjet 100-seat regional jet, has been formally set up. The venture, in which Alenia Aeronautica holds 51% and Sukhoi 49%, will have Alessandro Franzoni as CEO, with the company board led by Amedeo Caporaletti the venture partners decided yesterday in their first formal meeting of the Venice-based company. Sukhoi will retain the lead in some markets, in particular in former Soviet states, China, India the Middle East and Southeast Asian markets, while Superjet International will be charged with sales efforts in Europe, Africa, North and South America and Japan. The Italians, in particular, are supposed to provide credibility to the in-service support packages, drawing on their involvement in the ATR turboprop joint venture with EADS. There had been concern with Superjet 100 stake holders that without a western firm providing its after-sales support, western airlines would be reluctant to buy the regional jet. Sep 12, 2007

Alenia Aeronautica and Sukhoi unveiled their new Superjet International joint venture, which will concentrate on after-sales support and marketing and sales of the Superjet 100 regional aircraft family in Europe, the Americas, Africa, Oceania and Japan. Alenia holds a 51% share of the new company, with 49% held by Sukhoi. Amedeo Caporaletti was named chairman and Alessandro Franzoni is CEO. The venture will be headquartered in Venice. Sep 11, 2007

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Publication:Airguide Online
Date:Sep 17, 2007
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