UAC To Exit Superjet 100, Investors Eye UAE Production Plant | Aviation International News

UAC To Exit Superjet 100, Investors Eye UAE Production Plant

The sale of 49 percent of SuperJet International to a UAE investment group will see a production plant established in Al Ain.

Superjet 100 aircraft operated by Russian airline IrAero — A Superjet 100 operated by Russian airline IrAero takes off from Pulkovo Airport in St. Petersburg. (Photo: Flickr: Creative Commons (BY-SA) by Anna Zvereva)

By Gregory Polek • Senior Editor

February 28, 2023

Russia’s United Aircraft Corporation (UAC) will sell its entire 49 percent stake in Venice, Italy-based SuperJet International (SJI) to the UAE’s Mark AB Capital Investments as part of an agreement that will result in UAC exiting the Superjet 100 program. The deal will see the Russian conglomerate transfer design and production authority to SJI in Venice while SJI establishes a new production plant in Al Ain in the UAE.

Following receipt of Russian and Italian government authorizations to unfreeze SJI’s shares and assets, Mark AB Capital will own 49 percent of the company while Studio Guidotti International retains its 41 percent stake and Leonardo its 10 percent share.

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