Sberbank of Russia, Sukhoi Civil Aircraft Company (SCAC) and Abu Dhabi-based Invest AD signed a tri-lateral letter of intent in order to promote the aircraft made by SCAC in the Middle East in the network of Dubai Airshow 2013. First of all, this refers to Sukhoi Superjet 100 (both basic and long range versions), press-service of SCAC reports.
After the signing ceremony the head of Financial Institutions Department of Sberbank, Alexander Dementyev, noted: «In view of recently approved development strategy of Sberbank for 2014-2018 period we try to become a global partner for our clients. SCAC is one of the leading companies of Russian aircraft industry and also one of Sberbank’s key clients. We are ready to defend its interests anywhere in the world. Together with Invest AD, our strategic partner in the Middle East and Africa, we will support SCAC and Russia in terms of promoting Russian-produced aircraft in the region».

President of SCAC, Andrey Kalinovsky, said: «At present the Middle East is one of the top-priority regions for promoting SSJ100 aircraft. This letter of intent will help optimize proposals for funding the deliveries of Sukhoi Superjet 100 aircraft to the carriers of the region».

CEO of Invest AD, Nazem Al Kudsi, said: «Invest AD is proud to help Sukhoi Company, one of Sberbank’s key clients, expand its presence in UAE and the Middle East».

We remind you that Abu Dhabi-based Invest AD is a state joint stock company, part of sovereign wealth fund of Abu Dhabi. Its primary areas of activity are: investments and management of the fund’s assets, investment banking services for the clients related to M&A deals, capital raising for its clients at debt and equity markets, infrastructure projects, investments in real estate and Islamic financing.