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EADS and IAC have defined the terms of cooperation
23 March 2007European space concern EADS and the Russian Incorporated Aircraft manufacturing Corporation (IAC) have concluded the agreements defining key parameters of further cooperation. The Russian party possesses 5 percent of the European concern’s shares. The amount of works on designing and manufacture of liner A-350, carried out by the Incorporated Aircraft manufacturing Corporation will be proportional. The total cost of the project makes 10 billion euro.
The Aircraft manufacturing Corporation will also share the risks with other participants of concern. The IAC’s share will remain the same and will make 5 percent. The details, which are planed to be produced in Russia, are being discussed now.
EADS and IAC are measured to establish joint ventures for alteration of passenger planes of family A-320 in cargo in Germany (Dresden) and Russia (Moscow). Russia, being the high-grade partner, is to receive incomes of sales of planes A-350, first of which are to be sold to their customers by 2013.
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