RN-Aircraft signs for ten AW189 helicopters

RN-Aircraft, a subsidiary of oil company Rosneft, has ordered ten AgustaWestland AW189 helicopters.

The deal is valued at $173.24 million. Deliveries are due to begin later in 2015, with the last aircraft scheduled to deliver in 2017.

ALSO SEE: AugustaWestland to establish AW189 production line in Russia

Following a framework agreement that was signed in 2014, Rosneft plans to place orders for 160 helicopters before the end of 2025. The helicopters will be supplied by Helivert, a joint venture between AgustaWestland and Russian Helicopters.

The companies also reached an agreement on the future of Helivert, with Rosneft now joining the joint venture. Previously the company shares were split 50-50 between AgustaWestland’s owner Finmeccanica and Russian Helicopters, but with Rosneft now joining the party the shares will be split 40% in favour of Finmeccanica, with Rosneft and Russian Helicopters taking 30% each.

With Rosneft joining HeliVert, Finmeccanica will strengthen its collaboration with its Russian partners, as well as increasing its commercial presence in the region by introducing a new product into the Russian market.

Terry Spruce

Terry is Senior News Editor and writes for both Corporate Jet Investor and Helicopter Investor. He is also responsible for our helicopter guides. Terry has been an aviation enthusiast since the early 1970s. He is a lapsed Private Pilot and ex-Piper Cherokee owner. He has flown a number of light aircraft and is comfortable sitting in the co-pilot's seat or the back of any aircraft. Before moving to journalism he was a banker for 20 years. You can contact him at: terry@corporatejetinvestor.com or follow him on twitter @Terry_Spruce

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