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S7 likely to secure loan from Sberbank

9-Jun-2010 1:17 PM

S7 Airlines is expected to secure a credit line from the Siberian representative office of Sberbank for RUB2 billion-3 billion (approximately USD63-94 million) before the end of Jun-2010, in order to refinance its loan obligations, with Chairman of Sberbank, Vladimir Vorozheykin, commenting, "we have resumed talks with the airline, and the deal might go through by the end of June" (RBCNews, 08-Jun-2010).