OREANDA-NEWS. May 18, 2011. S7 Group, the owner of the Siberia Airlines (Russia), reported that back in 2009 it has signed a letter of intent with Ilyushin Finance Company, the principal leasing company for AN-148 program, for 15 AN-148. The information was not disclosed previously.

 Millennium Capital considers the news as POSITIVE for Motor Sich, as the contract has high chances to transform into firm order, taking into account that the airliner actively trains its pilots for operating the new plane. We will look forward to additional details on the timelines to incorporate the order into our model.