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"Sukhoi Civil Aircraft" does not want to transfer leasing payments for the Yakutia aircraft to the ruble rate

Airline "Yakutia" cannot agree with the manufacturer Sukhoi Superjet 100 (SSJ 100) Sukhoi Civil Aircraft (SCAC) on the transfer of the lease payment rate for two aircraftoperated by the airline in the ruble equivalent, Kommersant reports.

Since the aircraft is more than 60% composed of imported components, the GSS is not ready to change the terms of the contract and incur losses incurred due to the devaluation of the ruble. According to experts, the transfer of settlements for domestic aircraft to rubles is possible if the state takes over the compensation of losses incurred by aircraft manufacturers due to exchange rate differences.

According to the general director of the carrier Olga Fedorova, negotiations on this continue, but "there is no definite answer yet." As an alternative, Yakutia insists on fixing the dollar exchange rate. Fedorova noted that "a partial agreement has already been reached to reduce the payments themselves," and the restructuring of arrears on payments in 2012-2013 is also being discussed. The SCAC declined to comment yesterday.

“To convert payments for domestic aircraft into rubles, it is necessary that someone compensate the existing exchange rate difference to the aircraft manufacturer,” says Oleg Panteleev, head of the Aviaport analytical service. In the current situation, this can only be done by the state, which will require a government decree, supported by budget funding, he notes.

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