Boeing, Russia ink deal for 50 737s
Boeing Co. plans to sell 50 of its 737 airliners to Russia under an agreement signed Thursday during President Dmitry Medvedev’s visit to Washington.
The order from state holding company Russian Technologies Corp., which controls six airlines, is valued at about $3.6 billion, based on catalog prices for the 737-800.
The jets will support Russian Technologies’ plan "to provide Russian airlines with efficient and reliable airplanes that will help to consolidate and grow their domestic and international operations," Chicago-based Boeing said in the statement.
Russian Technologies Chief Executive Sergei Chemezov said the company chose Boeing earlier this month in a tender that also involved Airbus SAS and Russia’s OAO Irkut Corp.
Boeing and its larger competitor, Airbus, want to boost sales in Russia as the country’s airlines, led by OAO Aeroflot, look to renew and expand their fleets.
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