Aviation news analysis
50 SKY SHADES - World aviation news

Sberbank and Volga-Dnepr Group sign strategic cooperation agreement

Download: Printable PDF Date: 21 Jun 2016 13:45 categories:
Sberbank and Volga-Dnepr Group sign strategic cooperation agreement - Finance publisher
Krista Kuznecova
Country: Russian Federation Aircraft: Airplanes

Sberbank and Volga-Dnepr Group entered into a strategic cooperation agreement at the St. Petersburg International Economic Forum. The document was signed by Maxim Poletaev, First Deputy Chairman of the Executive Board of Sberbank, and Alexey Isaikin, President of Volga-Dnepr Group.

According to the arrangements that were reached, Volga-Dnepr Group will consider Sberbank as a strategic partner for financing future projects, including investment banking projects, and the project to developing aircraft leasing using Volga-Dnepr Group’s Irish subsidiary. Additionally, the agreement envisages provision of financial and advisory services, including those offered by Sberbank CIB1, the corporate and investment banking business of Sberbank.

Sberbank (including its subsidiary Sberbank Leasing) and Volga-Dnepr Group have worked together since 1997. Together they have completed projects to acquire and then supply to Volga-Dnepr Airlines unique AN-124-100 Ruslan aircraft, and finance the purchasing of aircraft from the Boeing 747 family.

Alexey Isaikin, President of Volga-Dnepr Group, commented: “Sberbank is a reliable partner that Volga-Dnepr has worked with throughout our 20 years of development. Under the direction of Herman Gref, Sberbank has become an innovation leader in Russia’s financial services sector and other areas. Our companies are carrying out long-term strategies focusing on continuous development of high-tech and unique solutions in the area of logistics and accessible services for clients. Our coinciding values and strategic principles serve as a foundation for developing our relationship as we work on Volga-Dnepr Group’s international projects.”

“Volga-Dnepr Group is one of our key clients. We highly value our experience of working on joint projects with Volga-Dnepr Group in the area of air freight transportation, and plan to broaden cooperation in the future,” commented Maxim Poletaev, First Deputy Chairman of the Executive Board of Sberbank.

Loading comments for Sberbank and Volga-Dnepr Group sign strategic cooperation agreement...


First Dassault FalconConnect installation completed

New service offers simplified, seamless flying office communications experience – The first aircraft equipped with Dassault's new FalconConnect integrated onboard communications system, a...

Honeywell Business Jet Aviation forecast projects 7,700 New Aircraft deliveries, valued at $251 billion

Deliveries in 2019 projected to be higher than 2018 with growth supported by new models entering service Purchase plans for the next five years are higher in North America and Europe, lower in As...

Boeing Business Jets Delivers First BBJ MAX Airplane

BBJ MAX offers customers unmatched range and comfort Boeing unveils new BBJ MAX interior design concept Boeing Business Jets (BBJ) has delivered the first BBJ MAX airplane to...

TAG Aviation’s Le Bourget Maintenance Service Centre receives Bombardier ASF Line Maintenance Excellence Award for a Fourth Year

TAG Aviation’s Maintenance Services Centre at Le Bourget Airport in Paris, France, has been awarded the Bombardier Authorized Service Facility (ASF) Excellence Award for Line Maintenan...