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. Last Updated: 07/27/2016

Sukhoi Skips Farnborough Over Debts

AVPK Sukhoi, the country's top aircraft maker, will not send its fighter jets to a major air show in Britain for the first time in 12 years out of fear that a Swiss company may try to impound the craft over a debt dispute, Sukhoi chief executive Mikhail Pogosian said Tuesday.

"We don't want to take the risk of our aircraft being impounded," Pogosian said. Sukhoi's exhibit at the Farnborough International Air Show next week will be limited to scale models and other materials.

Other Russian aircraft makers have not yet said whether they will send their planes to the show. In May, MiG decided not to send its planes to the Berlin Air Show over similar fears that the Swiss-based Noga company would try to impound them.

Sukhoi and MiG jets narrowly escaped seizure last year at the world's biggest air show in Paris after judicial authorities tried to impound them as part of Noga's legal battle with the government. Noga claims that Moscow owes it more than $60 million in unpaid debts.

Pogosian said his company was sorry to miss a chance to show off its fighters. "The air show is a convenient place to show the edge of our aircraft over competitors," he said.

But he tried to shrug off the decision by saying Sukhoi jets have already received a lot of publicity and potential clients know their performance.

Pogosian said his company controls 14 percent to 15 percent of the global combat jet market and hopes to expand its share to 20 percent or more in the "foreseeable future."