Russia to deliver 25 airliners to India: Report

MOSCOW: A Russian company has agreed to deliver 25 civilian airliners to India in a deal worth over 700 million dollars, the Interfax news agency reported on Tuesday, citing a company executive.

"We signed a contract for 25 aircraft, of which five aircraft should be (delivered) before 2012," Pavel Melnikov, managing director of the Russian Aircraft aviation holding company, was quoted as saying.

Interfax identified the planes as Il-114-100 airliners and said industry experts had estimated the size of the deal to be worth more than 700 million dollars (520 million euros).