United Aircraft Corporation and Chinese Commercial Aircraft Corporation plan to start a joint venture to develop long-haul aircraft, with Russia providing the knowledge base and design expertise for the project, while China will supply the financing and manufacturing facilities. The new aircraft, currently code named "2020," will be based on the Ilyushin II-96, a four-engine airliner designed in the Soviet Union. Planes will be produced in China, but Russia is expected to benefit from the funds its partner will inject into local research, Sergei Sanakoyev, secretary of the Russian-Chinese Center of Trade and Economic Cooperation, told Vedomosti.
http://www.themoscowtimes.com/business/article/china-russia-airplane-venture-planned/459644.html
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