Russia will divest from the Sukhoi Superjet 100 program

United Aircraft Corporation (UAC), the Russian state-owned aerospace company, will divest from the Sukhoi Superjet 100 program following an investment from a United Arab Emirates (UAE)-based capital firm, Markab Capital. According to SuperJet International, an Italy-based company and a now-former subsidiary of UAC, Markab Capital acquired 49% of the Russian company’s shares. As a result, the “UAC shall effectively exit the Superjet Program”, ending its participation in the Superjet 100 project.  

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SuperJet International was established in 2007 as a company to market, sell, and maintain the Sukhoi Superjet 100 in western markets in Venice, Italy. At the beginning, the Italian company had two shareholders, namely Sukhoi (51% stake) and Italy-based aerospace company Leonardo (49%). In 2016, Leonardo reduced its stake to 10%, giving over the majority of shares to the Russian company, which in 2022, was merged into the UAC. 

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However, with Russia invading Ukraine in February 2022 and subsequent sanctions imposed upon the country, the Italian Guardia di Finanza (GdF) froze the assets of SuperJet International relating to the 90% stake held by UAC. The GdF froze around €150 million ($159.2 million) of assets, including five aircraft in May 2022. Going forward, Markab Capital will hold 49% of the shares in SuperJet International, while Italian law firm Studio Guidotti International will hold a 41% stake. Leonardo will retain its 10% stake. 


The acquisition and reform of the shareholding structure are pending regulatory approvals from Italian and Russian regulators, which would unfreeze SuperJet International’s assets.

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Source: Reuters

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