Ilyushin Finance Buys Into CSeries

Moscow-based leasing company Ilyushin Finance (IFC) has signed a purchase agreement with Bombardier Aerospace to acquire 32 CS300 aircraft and options for an additional 10 CS300 aircraft. The transaction, which follows a letter of intent signed by IFC in 2011, is subject to approval by the company's shareholders. The firm order is valued at $2.56bn at list prices, with the total value reaching $3.42bn at list prices should all 10 options be exercised.

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