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Hail Dexter — new airline for Russia
01 May 2006
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IFC; DEXTER; RUSSIAN AVIATION
International Finance Corporation (IFC), the private sector financing arm of the World Bank Group, has a mandate to invest where the private sector is unwilling to go and its latest aviation investment is a perfect example.
The bank is providing $15 million in quasi-equity to Dexter, a new air taxi company. Dexter will use the cash to acquire 45 M101T aircraft, a six-seater Russian-made turboprop. Dexter's order will restart manufacturing for the M101T by Sokol, part of the Kaskol group of...
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