During the Dubai Airshow this week, Egypt’s KATO Investment signed a collaboration agreement with Irkut on its MC-21 airliner, which includes the purchase of six MC-21 airliners for subsidiary Cairo Aviation.
The agreement, signed between KATO Investment head Ibrahim Kamel and Irkut Corporation President Oleg Demchenko, also includes an option for four additional airliners.
Irkut is considering the establishment of a regional centre for the repair and maintenance MC-21 aircraft in the vicinity of the international airport of Al-Alamein 184 km from Cairo. KATO Investment intends to use free land next to the airport to accommodate such facilities. The centre will allow for the promotion of the aircraft to other countries in the region, Irkut said.
KATO Investment is a private investment holding company, which has diversified business in Egypt and beyond and specialises in the production of consumer goods, agriculture, tourism, air transport, airport services. The composition of KATO Investment includes more than 20 major companies including Cairo Aviation, which operates a Russian Tupolev Tu-204.