Air Finance Journal Copying and distributing are prohibited without permission of the publisher

The man who ordered 10 new Russian Jets

01 December 2005

There were lots of orders at the Dubai Airshow, but one letter of intent was far more intriguing than the others. On the fourth day of the show, by which time many journalists and exhibitors had left, Sukhoi, the Russian aircraft manufacturer, announced a $500 million order for 20 Russian Regional Jets (RRJ), with a further 20 options.

Read more: RJ Airbus Sukhoi airline Airlines concord aviation Nordine Ouabdesselam CEO

There were lots of orders at the Dubai Airshow, but one letter of intent was far more intriguing than the others. On the fourth day of the show, by which time many journalists and exhibitors had left, Sukhoi, the Russian aircraft manufacturer, announced a $500 million order for 20 Russian Regional Jets (RRJ), with a further 20 options.

The buyer was Concord Aviation, a start-up Dubai aircraft leasing company. While it was not the biggest order, it was a spectacular boost to the programme. Although Siberian Airlines and a Russian leasing company had made commitments, this is the first international order.

It almost looked too good to be true. Many observers started speculating that the order was from a subsidiary of Sukhoi.

Nordine Ouabdesselam, the CEO of Concord, is keen to correct this. "Concord is not a captive lessor," he says. "I know people have this suspicion but we are...


Latest Deals Database Updates

AirAsia / 04-14 / Airc Sec Loan / 1xA320 14/04/2014
Latest Deal Status Financial close
Overall Arrangers Credit Agricole CIB
Assets A320
SriLankan / 04-14 / Murabaha / - 14/04/2014
Latest Deal Status Financial close
Amount $m150
Use of Proceeds General corporate purposes
Transp partners / 04-14 / Airc sec loan /1xATR 10/04/2014
Latest Deal Status Financial close
Overall Arrangers Development Bank of Japan
Assets ATR72-600

Upcoming Events