Statements expressed by Gusarev
Gusarev recently released a statement which portrays the secureness of this project, "If we do end up encountering difficulties over the import of components, including engines, the solution to the problem will lay with China, against which no one would dare to implement sanctions. Moreover, if the aircraft were to be assembled in China, the project would formally be considered Chinese, and therefore would not fall under any sanctions."
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Gusarev also believes. "The amount issued to fund such a project cannot be any lower and It would be superb if they could limit fees to a $13 billion estimate".
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Gusarev goes on further to state. "That the cost calculations were done by the Russian Ministry of Industry and Trade and the UAC. China could not make these calculations. The project is complex, and China has never designed such aircraft. Only three companies in the world have such competencies: Boeing, Airbus and the Russian UAC."
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Gusarev finally notes that "it is too early at present to predict how the two countries will allocate the production tasks and that it is a commercial project. The construction of the aircraft must be economically justified. Therefore, each partner must take on the tasks which are in his strengths"
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It is clear that Gusarev's view on the he project is focused on the supremacy of the markets in China. This meaning that demand for this plan service will be found at every corner. In time to come with such a strong combination of countries and economic wealth both in knowledge and finance, will a monopoly may be established?
Note - Sanctions directed at Russia , do not puncture the bonded Russian-Chinese project to develop a wide-body, long-haul aircraft.
During Wednesday - Yuri Slusar who represents (UAC) Russian United Aircraft Corporation, exclaimed that the production of the aircraft is calculated to cost approximately $13 billion US Dollars. China-Russia are going to evenly split the costs of this airline project 50/50, both sides accountable complying to the provision of $6.5 billion worth of funding each.
Their is speculation that China's involvement in such a project is firstly due to China now officially being the world leading foreign direct investment destination aswell as the fact that their interest will help them articulate the mastery of technology such as the construction of long-range wide-body aircraft which can be learnt from the Russians.
Their is also speculation that Russia's involvement views China as a source of funding and can offer financial strength, as well as the fact that China will rapidly provide Russia with bulk numbers of orders once development is finally established and ready to advance.
It is expected that the plane will first take flight in 2021 and will forward to mass production in 2025.
- Corporations involved in the join partnership are Russia United Aircraft Corporation (UAC), and Commercial Aircraft Corporation of China (COMAC).
Did the destruction of the AirAsia company benefit this joint project? and should investors grab a piece of the pie?
