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Contracts of $ 3 billion claimed at Moscow air show
Published in Saudi Press Agency on 26 - 08 - 2007

The Moscow international air show closed
Sunday claiming some US$ 3 billion (¤2.2 billion) in
contracts, 200 percent above the last show, but far lower
than Western shows that Russia wants to emulate, according to AP.
The air show was held amid calls by President Vladimir
Putin and other officials for reviving Russia's commercial
airliner business, which has suffered severe money problems
since the Soviet Union's disintegration.
The 2005 edition of the biennial show brought about US$1
billion in contracts, but this year's show easily topped
that.
The United Aircraft Corporation, an umbrella for Russia's
plane-makers, signed some US$1.5 billion (¤1.1 billion) in
contracts, said Boris Alyoshin, the head of the Federal
Agency on Industry, in comments televised on the Vesti-24
television.
Organizers said other contracts would boost the total to
around US$3 billion (¤2.2 billion), according to Russian
news agencies.
Russia hopes the show eventually will be as much a force
in the industry as Britain's Fairnborough and France's Le
Bourget. But it has a long way to go _ at this year's Le
Bourget show, Airbus alone signed contracts of US$88
billion (¤65 billion).
Little action was reported for one of Russia's strongest
hopes for in the civil air market _ the Sukhoi Superjet-100
_ which seats 75-95 passengers. The «regional jet»
includes Boeing among its subcontractors, but reportedly
got no new orders during the show, although Sukhoi and the
Italian company Alenia Aeronatica signed an joint-venture
agreement to sell and service the planes.
Many older-design Russian airliners do not meet Western
standards for noise and emissions, limiting Russia's
market. Underlining that problem, one of the larger deals
of this year's air show was the purchase of four Boeing
737s by Atlant-Soyuz, an airline controlled by the Moscow
city government.
Russia's military aviation sector remains strong, however.
Vladimir Poleshchuk, the deputy head of the Federal
Military-Technical Cooperation Service, said
military-related contracts had totaled around US$400
million (¤294 million), according to the Interfax news
agency.
State arms trader Rosoboronexport said nearly 800
companies from about 100 countries participated in the
biannual show, up from 70 two years ago. The largest
foreign delegations were from China, Latin America and Arab
countries.
However, the reputation of Russia's military planes was
shadowed by the announcement that the military had grounded
all its Su-24 bombers, after a crash last week in the Far
East that was believed to have been caused by technical
problems.
Russian officials said recently they planned to spend
about US$250 billion (¤184 billion) to build about 4,500
civilian aircraft by 2025 as part of a program. The newly
formed United Aircraft Corporation was set up to unite
country's far-flung aircraft-related manufacturers.
This year's event, which was extensively covered by
Russian media, has also been dogged by reports of poor
organization, leading to frustrations such as inadequate
toilet facilities and long traffic jams.
Other deals announced during the show included an
agreement signed by Boeing Co. and Russia's OAO
VSMPO-Avisma to create a joint venture to make titanium
forgings for use in production of Boeing's 787 Dreamliner.


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