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VEB-Leasing to fund the purchase of A380 aircraft for Transaero Airlines

16-Apr-2012 5:47 PM

OJSC VEB-Leasing (Vnesheconombank’s subsidiary) and OJSC Transaero Airlines entered (12-Apr-2012) into an agreement on cooperation under which VEB-Leasing is to act exclusively as an organiser and manager of the project aimed at funding the purchase of four new A380 aircraft for long-term lease to Transaero Airlines. The total value of the project is USD1.576 billion in catalogue prices. The agreement’s implementation will help to "renew and modernise the fleet of Russian companies’ aircraft and allow Transaero to become the first Russian carrier to operate the world’s largest Airbus passenger aircraft". [more - original PR]