VEB-Leasing to Fund the Purchase of Airbus A380 Aircraft for Transaero Airlines
12-Apr-2012 OJSC VEB-Leasing (Vnesheconombank' subsidiary) and OJSC Transaero Airlines entered into an Agreement on Cooperation in Paris in the presence of Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of France Alexander Orlov and Airbus Executive Vice President Europe, Asia Pacific Christopher Buckley.
On behalf of VEB-Leasing the Agreement was signed by proxy by Vnesheconombank Chairman Vladimir Dmitriev and on behalf of Transaero Airlines by its CEO Olga Pleshakova.
Under the Agreement VEB-Leasing is to act exclusively as an organizer and manager of the project aimed at funding the purchase of four new Airbus A380 aircraft to transfer the aircraft on a long-term lease to Transaero Airlines. The total value of the project is 1 billion 576 million US dollars in catalogue prices.
The Agreement's implementation will help to renew and modernize the fleet of Russian companies' aircraft and allow Transaero to become the first Russian carrier to operate the world's largest Airbus passenger aircraft.