Russian Helis Expects 45% Revenue Growth in 2012

Russian Helicopters, which designs and manufactures civil and military rotorcraft, expects to produce over 300 aircraft this year and boost IFRS revenues by 45 per cent to 150 billion rubles ($5 billion), General Director Dmitry Petrov said on Thursday.

Russian Helicopters’ IFRS revenues grew by 27.8 percent year on year in 2011 to 103.9 billion rubles.

“This year, we’ll produce over 300 rotorcraft. The sales growth will also be substantial and will amount to slightly less than 150 billion rubles in our estimate,” Petrov told an international helicopter exhibition in Moscow.

Russian Helicopters Holding has has significant success in some regions, he said.

“This involves deliveries to Kazakhstan, and also the delivery of the first commercial helicopters, Mi-171A1 and Ka-3211I7, to Brazil,” he said.

The company plans to produce a new modification of the Mi-171A2 helicopter soon.

The holding also plans to sign a contract on Thursday with the Pankh air company to create a maintenance centre in the south of Russia for helicopters produced by the company, he said, without disclosing details of the contract.

Similar maintenance centers will be set up in China, India, South Africa and Brazil, he said.


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