United Aircraft Corporation (OAK, part of Rostec) has concluded a preliminary agreement with the private Indian company Flamingo Aerospace for the delivery of six Il-114-300 turboprop aircraft. The signing ceremony took place on January 28, 2026, on the sidelines of the international aviation exhibition Wings India.
OAK noted that the cooperation is aimed at meeting India\'s growing needs in regional aviation, and the delivery of six aircraft will become the first stage of the work.
Corporation head Vadim Badekha clarified that deliveries could begin as early as in two years.
Given the extremely high dynamics of demand in the Indian market, our partners require from us very tight deadlines for the start of deliveries. Today, the start of deliveries in 2028 is being discussed.
OAK will also provide Flamingo Aerospace with a roadmap for the development of aviation competencies. This will allow the Indian company to gradually expand its capabilities in aircraft assembly, modification, maintenance and repair, as well as infrastructure development.
Industry and Trade Minister Anton Alikhanov noted that the price of the first three Il-114-300s is at the level of 4 billion rubles per unit, while the subsequent aircraft will cost from 2.6 billion rubles. What price will be declared for the airliner in the event of deliveries abroad is unknown.