Farnborough Air Show

Ilyushin Finance orders 10 Let L-410s

 - July 10, 2012, 1:10 PM

Russian leasing group Ilyushin Finance Corp. (IFC) has signed an agreement for 15 aircraft from the Antonov An-148/158 family of regional airliners, valued at around $420 million based on list prices. IFC will in turn resell the aircraft to its new partner in Panama. South American Aircraft Leasing will place the twinjets with local carriers, with an initial three An-158s due to be delivered from December 2012. Five more An-158s and seven An-148s are due to be delivered between 2013 and 2014.

South American Aircraft Leasing intends to provide customer support and arrange repair and maintenance for the aircraft. The partnership with IFC is intended to create easier access to the Antonov.

IFC also has ordered 10 Aircraft Industries’ L-410 UVP E-20 twin turboprops, with options for another three. Deliveries of the 19-seaters are scheduled for 2013 and 2014, possibly 2015 if the options are exercised. The contract is valued at $80 million.

The L-410 UVP E-20 is a new variant of the Let 410 that dates back from the Soviet era. Let successor Aircraft Industries is based in the Czech Republic but owned by Russian investors.