Russia-based aircraft manufacturer, United Aircraft Corporation (UAC), has inked deals with three Indian companies for delivery of eight passenger aircraft valued at $400 million (about Rs 1,840 crore).
“We have signed a Memorandum of Understanding with three non-scheduled air operators for delivery of eight passenger aircraft,” UAC Director (Regional Aircraft) Yuri Grudinin told reporters.
The aircraft deliveries are expected to commence from the second quarter of 2011, Hindavia Aeronautical Services (HAS) Pvt Ltd Chairman Siddhartha Bose said.
HAS is the Indian partner of UAC.
In addition, UAC has firm orders of 10 cargo aircraft from domestic cargo operators and the first delivery of these aircraft is likely from 2012, Bose said.
UAC also plans to set up a training and maintenance facility in India to provide after-sales services, Grudinin said, adding: “We are awaiting regulatory approvals from the Director General of Civil Aviation. Companies from five states have come forward for setting up the training and maintenance centre and we are at the discussion-stage.”
