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Homepage » News» 31 december 2013     

IFC signed $50 million credit agreement with Promsvyazbank in order to finance the deliveries of 3 An-158 aircraft to Cubana de Aviacion
Russian Aviaton » Tuesday December 31, 2013 14:10 MSK

Ilyushin Finance & Co. (IFC) signed $50 million credit agreement with Promsvyazbank in order to finance the expenses connected with advance payments for 3 An-158 aircraft to be delivered to Cubana de Aviacion (Cuba), press-service of IFC reports.

«The rights of claim on the contracts signed by IFC and South American Aircraft Leasing S.A. (Panama) for delivery of three An-158 jets purchased from Antonov State Enterprise will act as a pledge in the network of the credit agreement. The airliners are delivered to Cuba in accordance with the contract signed by IFC and SAAL (Panama) in 2012. In accordance with the contract IFC acts as seller of the aircraft and provides financing for the deal, while the Panamanian partner acts as a lessor for the airlines of the Caribbean and Africa», - said in the statement.

«In 2013 IFC delivered three An-158 jets to Cuba and signed another firm contract for delivery of three more aircraft of the type in 2014. IFC has already delivered a total of 10 aircraft made in Russia (including An-158 manufactured in cooperation with Ukraine) to Cuba, including  4 medium-haul Tu-204 (passenger and cargo versions), 3 long-haul Il -96-300 and 3 regional An-158», - the press-service noted.

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