THE ARMAVIA COMPANY AND THE VTB LEASING UNIVERSAL LEASING COMPANY NEGOTIATE FOR COOPERATION
arminfo
2007-08-15 21:58:00
The Armenian national air carrier Armavia and the universal leasing
company VTB-Leasing (Moscow) presently negotiate for delivery of
airplanes Sukhoi Superjet 100, Armavia’s press secretary Zhasmen
Vilyan told ArmInfo correspondent.
According to her, it’s untimely to name dates of completion of the
negotiations, to speak about the terms of the deal and about the
quantity of airplanes to be purchased.
At the same time, as the Chairman of VTB Bank-Moscow Andrey Kostin
told the Commersant newspaper, VTB-Leasing negotiates for supplying
5 regional airplanes Sukhoi Superjet 100 to Armavia air company. The
airplanes are produced by Sukhoi Civil Aircraft (SCA) CJSC. As A.Kostin
noted, VTB can organize financing of the airplanes’ delivery. The
Commersant notes that the signing of the contract with Armavia will
become the first stage of the implementation of the agreement on
cooperation between VTB and SCA CJSC, which was reached in May. It
will also become VTB-Leasing’s first program in the sphere of selling
aerotechnics.
The Commersant newspaper notes that the SCA refused to name the
amount and the possible profitability of the transaction. Taking into
consideration the SSJ price ($28,9 mln), the contract with Armavia
may cost about $144,5 mln.
According to the VTB Bank’s plans, its leasing portfolio may total
130 bln RUR by the end of 2010, but aircrafts are only a small part
of it. To note, as of January 1, 2007, VTB-Leasing’s capital made
up $61,6 mln. 100% of the company’s shares belong to the VTB Bank
(Moscow). VTB-Leasing started its activity in 2003.
Earlier, A.Kostin, Chairman of the VTB Board, said in Yerevan that
the VTB Bank is planning to invest $0.5 bln in Armenia’s economy,
including the spheres of gasification and gas- saving, modernization of
the Armenian electric networks, metal mining industry and organization
of delivery of Russian aerotechnics to Armenia.
To note, Armavia CJSC was established in 1996. The MIKA Armenia Trading
company has been the owner of Armavia’s 100% block of shares since
2005. The President of MIKA Armenia Trading, Mikhail Baghdasarov, has
recently said that the annual growth of the air company’s passengers
currently makes up 26%.