SOGERMA-SOCEA is about to conclude an agreement with Israel Aircraft Industries (IAI) to manufacture the fuselage and empennage of the Galaxy executive jet. The deal is conditional on IAI resolving other problems which have delayed the programme.
IAI has been looking for a subcontractor since it broke its ties with Yakovlev in Russia. The Russian aircraft manufacturer was unable to manufacture the Galaxy's fuselage and empennage at its plant in Saratov as agreed. The fuselage and empennage will be manufactured at Sogerma's Rochefort site.
The finance committee of the Israeli Knesset has not yet approved the state guarantee that is a condition for the Prizcker family investment. Committee members are being briefed before they vote on a guarantee enabling an initial $50 million investment.
Source: Flight International