Irkut, Exiar co-operating on insurance for MC-21 exports

Irkut Corporation and the Russian Agency for Export Credit and Investment Insurance (Exiar) have signed a Memorandum of Co-operation for the development of a credit insurance programme against political and commercial risks for exports of MC-21 aircraft.

The implementation of this Memorandum will allow foreign buyers to receive financing for purchase of MC-21 aircraft at minimum interest rates.

According to Alexey Fedorov, president of Irkut Corporation, the signing of the Memorandum of Cooperation is a new step in providing state support for high technology exports and aims to offer competitive conditions for MC-21 aircraft export financing.

Peter Fradkov, CEO of Exiar, stated that the support of the Russian aircraft industry is among the high priority projects of the Agency. Exiar’s participation in the development of the credit insurance programme for MC-21 exports at the manufacturing stage will provide additional possibilities for the aircraft’s expansion to foreign markets.

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