Aeroflot has signed an order for 100 Superjet 100 (SSJ100) aircraft. The document was signed by Aeroflot CEO Vitaly Saveliev and President of PJSC United Aircraft Corporation Yury Slyusar during the Eastern Economic Forum in the presence of President of the Russian Federation Vladimir Putin.
Under the agreement UAC will deliver 100 Russian-built SSJ100 aircraft to Aeroflot between 2019 and 2026. The aircraft will be configured with 12 seats in business class and 75 seats in economy class. The final contract will be signed after the parties agree on material terms of the transaction and corporate approvals have been obtained.
“We have signed the largest aircraft delivery agreement in Aeroflot’s history, under which the company will receive 100 modern Russian-built SSJ100 aircraft. Including the expected delivery of 50 MC-21, by 2026 Aeroflot will operate 200 Russian-built aircraft,” said Vitaly Saveliev, CEO of PJSC Aeroflot.
Yury Slyusar, President of PJSC UAC, added: “We have worked with Aeroflot for many years. As the first and largest operator of SSJ100 aircraft Aeroflot has significantly helped the development of Russia’s aircraft industry. The signing of this new agreement marks the next stage of our cooperation and joint contribution to the development of the aircraft industry and the expansion of regional and international air connections.”
Aeroflot currently operates 49 SSJ100 aircraft and is expecting the delivery of the 50th aircraft.
Meanwhile, Air Lease Corporation (ALC) has priced $1.2bn of unsecured senior notes due 2022 at 3.500% and $500 million unsecured senior notes due 2028 at 4.625%. The sale is expected to close on September 17, 2018.
Kroll Bond Rating Agency (KBRA) has assigned a senior unsecured rating of A- with a Stable Outlook to the senior unsecured notes.
ALC intends to use the net proceeds for general corporate purposes, which may include the purchase of commercial aircraft and the repayment of existing indebtedness.
JPMorgan, Mizuho, MUFG and Wells Fargo are acting as joint bookrunners.