Ilyushin Finance Co. executes letter of intent for 50 Bombardier Q400 NextGen airliners

Moscow-based leasing company, Ilyushin Finance Co. has signed a letter of intent (LOI) to acquire 50 Q400 NextGen airliners that would be assembled in Russia under a joint venture that may be created by Bombardier and Rostekhnologii (“Rostec”). IFC’s LOI was finalized during the 2013 International Aviation and Space Salon, known as the MAKS 2013 Air Show, held at Moscow’s Zhukovsky Airport.