Vnesheconombank and Sukhoi Company Sign Credit Agreements

Today on June 8, in the course of the 22nd Petersburg International Economic Forum, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and OJSC Sukhoi Company signed two credit agreements worth 61 million US dollars and 34 million euros for a period of 8 years.

The Agreements were signed by Vnesheconombank Chairman Vladimir Dmitriev and OJSC Sukhoi Company General Director Mikhail Pogosyan.

Funds are being made available to finance the program to develop a new type of Sukhoi Superjets 100 to certify them and launch their mass production as well as establish an after-sales service system.

Under the Agreements Vnesheconombank is to act as a creditor of a large-scale investment project carried out by OJSC Sukhoi Company. The project is aimed at building a new competitive regional airliner equipped with the most advanced equipment allowing to ensure required performance efficiency of the plane.

This project’s implementation would make it possible to boost the Russian Federation’s status as the world’s center of aviation industry.

CJSC Sukhoi Civil Aircraft (a subsidiary of OJSC Sukhoi Company) is responsible for developing Sukhoi Superjets 100 and works in close contact with such major foreign partners as Alenia Aeronautica, Boeing, SNECMA, Thales, Liebherrand B/E Aerospace. In May this year they started flight tests of Sukhoi Superjet 100.

Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 608-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru

Latest News Vnesheconombank Supervisory Board Approves Subordinated Loan to Alfa-Bank ORGRESBANK has been issued with new articles of association and new license ORGRESBANK is among the arrangers of a syndicated loan for Lukoil OJSC Bank of Russia became a member of Committee on Payment and Settlement Systems Attention please: on August 22, technical re-equipment will be held in Sovetskoe branch in St Petersburg On Agreement between Vnesheconombank and OJSC Ilyushin Finance Co. On Signing Memorandum Between Vnesheconombank and Region-Avia Airline ORGRESBANK provides 50 mln USD credit facility to SNOS JSC New service for BSGV clients: travel insurance On Signing Agreement between Vnesheconombank and Macquarie Renaissance Infrastructure Fund L.P.

On Signing Agreements between Vnesheconombank, OJSC Sukhoi Company and CJSC Sukhoi Civil Aircraft Under the Agreement the parties intend to cooperate in raising funds to finance promising investment programs carried out by CJSC Sukhoi Civil Aircraft, expanding financing of the Sukhoi Superjet 100 program and in putting in place a competitive mechanism for financing sales of Sukhoi Superjet 100 aircraft on domestic and foreign markets. [Read...]