Egyptian KATO and Irkut have signed a purchasing agreement on 6 MC-21 short/mid-range airliners.
Both the companies also agreed to co-operate on the MC-21 short/mid-range airliner project, Irkut said in a statement Monday.
At the Dubai Airshow-2015 the head of the Egyptian holding KATO Investment Dr. Ibrahim Kamel and President of Irkut Corporation Oleg Demchenko agreed to develop cooperation on the MC-21 project.
Purchasing agreement on 6 MC-21 aircraft by the Cairo Aviation airline (an affiliate of the KATO Investment) has been signed within the cooperation programme. The agreement also envisages an option for 4 MC-21.
At the initiative of Dr. Kamel the parties consider an opportunity of establishing a Regional MRO Center for the MC-21 near the Al Alamain International Airport situated 184 km away from Cairo. KATO Investment has intentions to voluntarily render adjacent to the airport area for functional facilities. The Center will provide additional provisions for promotion of the MC-21 to countries of the region.
KATO Investment is the prominent private investment holding with a diversified business in Egypt and abroad. The holding specializes on manufacturing of consumer goods, agriculture, tourism, air transport, airport operation. More than 20 high profile companies are incorporated to KATO Investment. Cairo Aviation airline is operating Russian aircraft of the Tu-204 family.
Irkut Corporation (a UAC member) is the head contractor on implementing the project of the MC-21 short/mid-range airliner. The aircraft is developed by the A.S. Yakovlev Engineering Centre, the major engineering division of Irkut Corporation. The first MC-21 aircraft are being constructed at the production plant in Irkutsk city to perform flight and stress tests.
Russian Sukhoi has handed over Su-34 frontline bombers to the nation's Air and Space Forces. The aircraft took off from the V
Russias Irkut Corp signed a contract with Belarus to sell four Russian Yakovlev Yak-130 jet trainers at the MAKS-2015 air show near Moscow. "We hope to one day sign a contract for larger aircraft," Oleg Demchenko, president of Russian aircraft manufacturer Irkut Corporation, told reporters at the signing ceremony
Despite the changed economic situation and the significant decrease in exchange-value of rouble, IRKUT Corporation has seen a revenue increase to $1.7 billion for the year 2014
Indian ambassador to Russia, Pankaj Saran has expressed interest in future business prospects for Indo-Russian joint production of MC-21 airliner and manufacture of its components in India. The Indian diplomat made the comments during a visit to the Irkutsk aviation plant, a branch of IRKUT Corporation last week
Irkut Corporation will roll-out the first MC-21 aircraft designated for flight tests on Wednesday. “Construction of the first aircraft is the significant milestone of the MC-21 program
Iranian troops are being trained in Russia on how to operate the S-300 surface-to-air missile defense system in preparation to Tehran taking delivery of it by this year end. Irans defence minister, Hossein Dehghan told local journalists yesterday that the “executive stage” of the agreement is over and that his country would receive a "major part" of the shipment in less than two months, Press-TV reported
Tests of Russia’s S-500 Launcher in Final Stage
L3-Harris, Raytheon Net $1B for Anti-Jam SATCOM Software
Indonesia to Order 79 Additional Russian BT-3F Armored Vehicles
Raytheon Bags S.Korea’s RAM Guided Missile Deal
Chinese Military Docs Develop Novel Coronavirus (COVID-19) Vaccine
Turkish Drone Strike Destroys Syrian Army’s Pantsir-S1 Air Defense System
China Replaces Russian Engine in J-10C Jet With Locally-made WS-10 Taihang
Syria Destroys 6 Turkish Combat Drones, Turkish F-16s Down 2 Syrian Su-24
China is pulling off the impossible- selling arms to nations it is in conflict with over its claim in the...
Several joint production and direct procurement programs could be halted if the US and Europe carry through with their threat...
Sanctions-hit Iran has found ingenious ways to develop military hardware
Artificial Intelligence (AI) is rapidly permeating the defence industry to aid and improve human decision-making
Upgrade of Russias Sukhoi Su-30SM fighters to equip them with armaments, radar, sensors and engines from the more powerful Su-35...
US companies sanctioned by China for supplying weapons to Taiwan may be denied rare earth elements (REEs), which have critical...