June 21, 2011 / 12:48 PM / in 7 years

Russian Sukhoi to launch business jet

LE BOURGET, France (Reuters) - Russian planemaker Sukhoi is to bring a business jet version of its regional airliner to the market in a further sign of Russia’s intent to make a mark on the international aircraft market.

SuperJet International, a joint venture between Italian Finmeccanica’s SIFI.MI Alenia and Sukhoi, said the decision had been taken following customer demand.

“We are targeting a market of between 80 and 100 aircraft over the next 20 years,” SuperJet International CEO Carlo Logli said.

The jet will likely cost around $50 million, depending on options, he added. The catalogue price for the regular airliner is $31.8 million.

It also said it was working on getting European certification for the midsize SuperJet 100 regional airliner by the end of the year, thus stepping up the challenge to Embraer (EMBR3.SA) in the Latin American market.

    “The growth markets are Asia, Africa and South America,” Logli said.

    Superjet said it was negotiating with a number of Indian airlines about the passenger jet, and hoped to make announcements on orders at the Moscow air show in mid-August. (Reporting by Victoria Bryan; Editing by Geert De Clercq)

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