The Russian aircraft producer MiG has reported to have signed contracts with the Russian airlines Atlant-Soyuz and Aerofrakht on supplying its new-generation Tu-334 short-haul airplanes. The first supplies will be made in 2005, MiG's press service reported. The planes will be granted out on financial lease for $12.9m per aircraft to be paid over 10 years.
According to earlier reports, the certification of Tu-334 airplane is to be completed by the end of 2003, and mass production of Tu-334 is scheduled for May 2004. Under MiG's production strategy, in 2006 the company will be producing 16 to 32 airplanes a year, and by the end of 2008 this figure will be increased to 100. The volume of capital investments in the project is about $47m as of July 1, 2003.
The Armed Forces of Ukraine may face new problems over the upgraded Russian unmanned aerial vehicle Lancet. Kyiv will now need to use airfields far from the line of combat contact and look for new ways to protect its aircraft