Sukhoi Civil Aircraft reports 1H net loss of $100 million

Sukhoi Superjet 100. Courtesy, SCAC

Sukhoi Civil Aircraft Co. (SCAC) has reported a first-half net loss of $100.3 million, deepened from a $16.9 million loss in the year-ago period. Revenue fell 72% to $5.64 billion from $20.12 billion.
SCAC said the results were expected due to the launch of the Sukhoi Superjet 100 (SSJ100) program.
The company said second-half orders have increased from 100 to 179. In July, the manufacturer received a secured long-term loan from Vnesheconombank (VEB) for $1 billion through 2024.
Russia’s Aeroflot and Armenia’s Armavia have taken delivery of their SSJ100 aircraft. Russia’s
Yakutia Airlines will become the second SSJ100 operator in the country. Before the end of the year, SCAC plans to deliver one aircraft to Indonesian Sky Aviation.
In May, the SSJ100 crashed into an Indonesian mountainside during a demonstration flight. Following the crash, sales in Indonesia were suspended. In September, Indonesian and Russian authorities blamed the crash on human error. Last week, the SSJ100 was granted its type certificate in Indonesia.
Mexico’s Interjet will take delivery of its first SSJ100 in March 2013.