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Russia, China to invest $13 billion into commercial aircraft joint venture

Staff Writer |
The Russian-Chinese project to develop a long-range wide-body airliner will cost about $13 billion, President of the Sukhoi Civil Aircraft Company Vladislav Masalov said on Monday.

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The Sukhoi head made this statement after an official ceremony of opening the office of the project’s operator, which was held in the headquarters of Commercial Aircraft Corporation of China (COMAC) in Shanghai.

‘We have defined the program’s total budget at about $13 billion. The financing is intended to be provided through national companies and, therefore, the results of intellectual activity obtained by the COMAC or the UAC [United Aircraft Corporation] within the implemented SSJ and MC-21 projects will also be used for the long-range wide-body airliner project," he said.

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