Leasing company Ilyushin Finance Co. signed a contract with the Airlines 400 aviation company (which will operate under the trademark Red Wings) on the delivery of six Tu-204-100 planes for a total of $250 million. The planes will be delivered into financed leasing for 15 years beginning in 2008. In addition, IFC signed an agreement with Russia state transport company to finance the leasing of six An-148 craft for a total cost of $132 million, as well as a memorandum of mutual understanding on acquiring Il-96-300 aircraft for the fleet of the presidential business office at a cost of $75 million. IFC noted that the An-148 planes will be delivered beginning in 2009 and made by the Voronezh Aviation Construction Association. IFC also sign a contract with Goszamkadastrsyemka for one An-38 to be delivered in January 2008.


He who laughs last obviously has'nt heard the bad news.