Russia’s Rostec has secured an order worth more than $5bn from Aeroflot to provide 50 MC-21 medium-range passenger aircraft.

As part of the order, Rostec’s leasing subsidiary Aviacapital-Service will deliver the aircraft on operating leases.

Aeroflot’s new MC-21 aircraft will be equipped with 16 business class and 153 economy class seats to accommodate 169 passengers.

The first phase of the deal will see the delivery of MC-21s powered by engines made outside Russia.

“The aircraft uses cutting-edge materials and the latest generation of systems, created by leading Russian companies.”

Aeroflot can also choose to receive aircraft featuring new Russian-built PD-14 engines from its 26th aircraft, under the new order.

Deliveries of the latest order are expected to start by the first quarter of 2020, while the entire order is to be completed by 2026.

Following delivery, each of the aircraft will be leased for 12 year-period, with up to three two-year extension options on the lease.

The aircraft is planned to be operated on both domestic and international routes.

Rostec CEO Sergey Chemezov said:“This agreement underscores that Russia’s civil aviation industry is making a comeback and taking its place among leading global manufacturers. The MC-21 represents a genuine breakthrough achievement for the aviation industry.

“The aircraft uses cutting-edge materials and the latest generation of systems, created by leading Russian companies.

“Elements of the MC-21 that Rostec produces include titanium and composite parts, on-board electronics, chassis components, other systems, and the ‘heart’ of the aircraft – the PD-14 engine. We believe that this engine will be selected by Aeroflot as the primary power plant for the MC-21.”

MC-21is produced by Russia’s United Aircraft unit Irkut.

The medium-haul, narrow-body aircraft features more than 30% of parts developed from composite materials.