Aviation Capital Services, an aircraft leasing unit of Russian Technologies State Corporation (Rostech), has agreed to purchase 35 Boeing 737 MAX aircraft for $3.5bn, the first such sale to Russia and the Commonwealth of Independent States (CIS).
Boeing will work with the Aviation Capital Services to finalise the deal in order to deliver the first aircraft in August 2018.
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Rostech chief executive officer Sergey Chemezov said Aviation Capital Services’s commitment for 35 aeroplanes would make it the first customer of the 737 MAX aircraft in eastern Europe.
"Our partner airline carriers will receive the most modern aircraft with improved fuel efficiency, flight characteristics and greater comfort for passengers," Chemezov said.
Powered by CFM International LEAP-1B engines, 737 MAX is a new-engine variant that builds on the strengths of Next-Generation 737. According to Boeing, it offers 13% fuel-use improvement compared with its rivals in the single-aisle market.
To date, Boeing received 858 orders for its 737 MAX aircraft.
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By GlobalDataIn addition, the Chicago-based aircraft maker, which sources 40% of its titanium from Russia, is also working with Rostech’s subsidiary VSMPO-AVISMA to expand collaboration in titanium procurement and technology development.
Both companies are planning to expand their joint venture Ural Boeing Manufacturing (UBM) to support the production increases for the Next-Generation 737.
In line with this strategy, UBM plans to install four new advanced technology machines in 2013, which will increase the machining capacity of Next-Generation 737 landing gear beams.
Boeing intends to spend $27bn over the next three decades on Russian titanium, aerospace design-engineering services and several other services and materials.
Image: Boeing 737 MAX aircraft is a new-engine variant that builds on the strengths of the Next-Generation 737 and offers 13% fuel-use improvement compared to its rivals. Photo: Boeing.
