25 Superjet Orders at Air Show

Sukhoi Civil Aircraft and Finmeccanica said Wednesday that their Superjet airliner venture won orders for 25 planes, worth about $750 million at list price.

Five Superjets were purchased by AMA Asset Management of Switzerland, with a further 20 ordered by an undisclosed European buyer, the companies said at the Farnborough International Air Show outside London.

Russia is spending more than $1.4 billion developing the 75-to 95-seat Superjet to make its civil aviation industry competitive.

Sukhoi said Tuesday that it would sell 24 planes worth $630 million to Russian leasing company Avializing with an option to supply 16 more.

Sukhoi and Finmeccanica, Italy's biggest defense company, have a target of selling at least 1,800 Superjets over 20 years, including a bigger version to compete with Airbus' A320 series and Boeing's 737.

AMA will receive its aircraft from 2011 and the other client from 2010. The Superjet is due for certification in the middle of next year and first delivery by the year's end, Viktor Subbotin, president of joint venture company SCAC, said at the air show. Subbotin said the company was experiencing some delays in building the Superjet because of difficulties with suppliers. He said he was confident that the venture would still be able to stick to its delivery schedule. The first Superjet will be delivered to Aeroflot in the second half of next year.