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Indonesia inks $1.1 bn deal with Russia to buy 11 jets
by Staff Writers
Jakarta (AFP) Feb 17, 2018

Indonesia has inked a billion-dollar deal to buy 11 Sukhoi Su-35 jets from Russia, an official said Saturday.

The contract, signed by both countries' representatives in Jakarta on Wednesday, is worth a total $1.14 billion, Indonesia defence ministry spokesman Totok Sugiharto said.

"Two units of Sukhoi jets will be delivered in August 2018," he told AFP.

Another six jets would be delivered 18 months after the contract comes into effect, and the final three a further five months later, he said.

The deal comes after Indonesia said in August that it would seek to trade palm oil, coffee and tea for Russian fighter jets, saying it wanted to capitalise on international sanctions on Moscow.

The EU and US have targeted Russia with sanctions for alleged meddling in the US presidential election and its annexation of Crimea.

However, Indonesia's trade minister said the sanctions could be good news for his country as Russia is forced to seek new markets to import from.

Indonesia and Russia signed a memorandum of understanding to exchange 11 Russian-made Sukhoi fighters for key commodities in Moscow early August.

It was not announced Saturday in what form payment would be made.


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AEROSPACE
Boeing, Embraer near deal on commercial air business: source
New York (AFP) Feb 6, 2018
US aerospace giant Boeing and Brazil's Embraer are close to an agreement to combine their commercial air operations into a new company, a person familiar with the talks told AFP Tuesday. The deal is designed to address the main roadblock to a merger between the two aerospace companies: Brazilian government opposition. Boeing would hold 80 to 90 percent of the new company, which would be based in Chicago, while Embraer's military operations would not be affected by the transaction and would remai ... read more

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