Order for new engines signed at MAKS-2003 air show

An order for five new engines for Russian aircraft has been placed by the Financial Leasing Co., of Moscow. As told by the company to Rosbalt, the contract for five engines for Tu-214 aircraft was signed in the course of the International Aviation Exhibition (MAKS-2003), now underway, with Perm Motor Works. The order is worth several hundred million rubles, Sergei Galperin, FLC's director for aviation, said.

Galperin told a Rosbalt correspondent that Perm Motor Works is the sole remaining producer of engines of this class in Russia. 'The last time new engines were built goes back almost 10 years; since then there have only been repairs,' Galperin said. 'The sole exception was an engine for the presidential plane for Rossiya. 'FLC thus is the first commercial customer for new engines in Russia.'

FLC registered in Moscow in January 1997. The company specializes in licensing services for Russia's military-industrial complex and for transportation-related and other types of industrial firms. Its main shareholders: the Russian Federation, 58%, and the Republic of Tartarstan and subsidiary organizations 18%. Partner firms: Gorbunov Enterprises, Chkalov Enterprises, Sukhoi, Ros-defense-export and Dalavia.

Perm Motor Works was organized in 1997 as part of the reconstruction of Perm Motors. Its shareholders: Perm Motors, 49%, Interros, 26%, Aviam Holding Co. (a US firm), 25%. Perm Motors is the sole Russian producer of the fourth-generation PS-90A engine, which competes well with the best engines of its class-the PW2000 (Pratt & Whitney, US) and the RB211 (Rolls-Royce, Great Britain). Perm Motors also produces the D-30 engine (for Tu-134 planes), the D-30F6 (for MiG-31 planes) and the TV2-117AG (for Mi-8 helicopters).