01 March 2005
Transaero has signed an agreement to lease Russian aircraft as
part of its agreement to avoid import taxes on Western
The Russian airline has agreed to lease 10 Tupolev Tu-214
twinjets, which will be assembled at the KAPO factory in Kazan.
Finance Leasing Company has ordered the aircraft from KAPO and
will lease the Tu-214s to Transaero in a $600 million, 15-year
Transaero was forced to sign the deal as part of an
arrangement with the Russian government. The government allowed
Transaero to lease Western aircraft without paying customs
duties, as long as the airline agreed to acquire Tupolev
The agreement included a clause allowing...
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