50 SKY SHADES - World aviation news

Russian bank arranges financing for Cuban-bound An-158

Download: Printable PDF Date: 27 Aug 2015 00:59 category:
Publisher:
Russian bank arranges financing for Cuban-bound An-158 - Finance publisher
Tatjana Obrazcova
Source: ATW

Russia’s Roseximbank has signed an agreement with Ilyushin Finance Co. (IFC), a Russian leasing company, to provide $70 million in export financing for Antonov An-158 aircraft for Cubana de Aviación.

The agreement, signed at the MAKS Air Show in Moscow, follows a series of similar deals involving Russian-built airliners for Cuban carriers.

“Roseximbank has been cooperating with IFC on aircraft for Cuba for 10 years. Cuba’s carriers operate 14 Russian- and Ukrainian-built aircraft, including Ilyushin Il-96s, Tupolev Tu-204s and An-158s,” Roseximbank chairman Dmitry Golovanov said at the show.

Roseximbank has provided IFC with a total of more than $550 million in export financing.

At MAKS 2013, Cubana de Aviación transferred three An-158 options into firm orders and took delivery of its third An-158.



Loading comments for Russian bank arranges financing for Cuban-bound An-158...


Recommended

5th Civil Aviation Training International Forum was Successfully Held

The 5th Civil Aviation Training International Forum was successfully held in Sanya, Hainan from September 24th to 25th, 2019. The forum was approved by Foreign Affairs Office of Hainan Province,...

MEBAA Insurance tailor made its medical insurance to suit members in UAE

MEBAA has entered into an Agreement with National General Insurance Company (NGI) UAE, to provide uniquely designed Medical Insurance Scheme for its member companies operating within UAE. This associa...

More ways of offsetting carbon emissions - VALCORA & Shell Aviation

If you look at the photo and you think it is not really aviation related - it's wrong. Here is why: VALCORA’s collaboration with Shell will contribute to The Cordillera Azul National Pa...

Lufthansa Technik Malta has started technical services on Airbus A350

Lufthansa Technik Malta started to carry out technical services on the Airbus A350. A first aircraft, an Airbus A350-1000 from an undisclosed customer, received a cabin modification in September....