Russia’s Prime Minister Dmitry Medvedev has approved $400 million in state guarantees for Irkut MC-21 development. The guarantees secure Irkut Corp.’s obligations under the loan, issued by Sberbank, which extended a $1 billion line of credit for the project. According to the government, the MC-21 program is worth $3.497 billion. The MC-21 is a medium-haul aircraft with an expected capacity of 150-210 seats. Irkut plans to assemble the first aircraft before the end of 2015. When ...

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