The leasing company Ilyushin Finance Co. (IFC), part of PJSC United Aircraft Corporation Rostec, has filed a claim in the Moscow Arbitration Court against Airbus Canada Limited Partnership, a joint venture between Airbus and Bombardier, focusing on the production of the narrow-body passenger aircraft Airbus A220.
The claim amounts to more than 2.3 billion rubles (around 29 million dollars), as revealed in the arbitration cases file. The specific details underpinning the claim have not been disclosed yet.
In 2013, IFC had reportedly signed a deal with Bombardier for the purchase of 42 CS300 aircraft, now known as the A220, valued at 38 million dollars. The original contract included 32 aircraft with 10 options. However, in 2016, IFC reduced its order to 20 aircraft.
Following the commencement of the military operation in Ukraine, Western countries imposed sanctions that prohibited the supply of civil aircraft and spare parts to Russia. This also mandated Western lessors to terminate contracts with Russian companies and recall supplied aircraft.
Putin enacted nationalization of foreign aircraft: lessors weigh $10 billion loss
In a related development, last December, the Moscow Arbitration Court received a claim from Aviacapital Service (AKS, a Rostec leasing subsidiary) against Airbus. AKS is demanding the return of an advance payment for 17 Airbus A350 aircraft intended for Aeroflot.
Russian airlines have lost nearly 80 aircraft due to sanctions
