Russian airlines to get National Wealth Fund money for buyout from leasing by end of September - RUSSIAN AVIATION

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Russian airlines to get National Wealth Fund money for buyout from leasing by end of September

Russian Aviaton » Monday July 24, 2023 19:15 MSK

© Yulia Kuzmina / AVIA.RU

Russian airlines are to receive money from the National Wealth Fund (NWF) to buy out aircraft of foreign make from leasing by late September, Deputy Minister Igor Chalik told reporters.

"It is difficult to say when [the airlines will receive money for the buy-out from NWF - TASS]. However, our task is to complete this program in any case by the end of September," the deputy minister said.

The Kommersant newspaper said earlier at least five Russian air carriers obtained permits for insurance settlements with Western owners of airplanes. About 80-90 aircraft can be at stake. Meanwhile, Aeroflot already bought out 18 jets from financial leasing and is holding talks on 47 more. According to Kommersant, terms of transactions were agreed or almost agreed by S7, Ural Airlines, RusLine and iFly.

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