UAE-based Mubadala has discussed a supersonic jet project with the Russia’s ministry of industry, according to Russian media reports.
“Today, we’ve covered a topic connected to development and production of a supersonic aircraft. It is a project of multi-format, multi-lateral cooperation,” Minister of Industry Denis Manturov was quoted as saying Russia’s TASS news agency.
“We may do that with the Emirates, with Saudi Arabia and possibly other countries that express interest,” he added. “Our colleagues were interested in that, taking into account the fact that they already invested in our aviation industry and in Russian helicopters in particular.
According to TASS, Russia’s Ministry of Industry has said it can design a supersonic business jet in seven or eight years, based on a market demand of 20 to 30 aircraft priced at between $100 and $120 million each.
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