VTB TO FINANCE ARMENIAN AIRLINE’S DEAL WITH SUKHOI
RosBusinessConsulting Database
September 14, 2007 Friday
Russia
VTB and the Armavia airline are working out the details of a $55m-$60m
deal to finance the purchase of two Sukhoi SuperJet-100 (SSJ-100)
aircraft as part of a cooperation agreement between the two parties
aimed at a long-term partnership in the renewal and modernization
of Armavia’s fleet, VTB said in a statement. Both the bank and the
airline will consider the possibility of signing a joint deal to
purchase the planes from Sukhoi Civil Aircraft. Under the agreement,
VTB Bank would also provide comprehensive banking services to Armavia,
as well as participate in financing current and prospective projects,
including assistance in raising funds abroad if necessary.