The crash of a Sukhoi Superjet 100 while on a demonstrator flight in Indonesia has dealt a major blow to Russia’s attempts to build up its civil aviation industry.
Fitch Ratings said it expects a short term negative effect on orders for the aircraft, but it is not changing the rating for the plane’s manufacturer.
Analysts believe until the cause of the crash is established Sukhoi will have difficulty marketing the plane.
Sukhoi currently has orders for 170 planes worldwide and plans to produce up to 1,000 Superjets, primarily for foreign markets.
It aimed to sell 42 planes to Indonesia, which is seeing a fast-expanding aviation market that aims to tap travel by a growing middle class in the world’s fourth-most populous nation.