Free Trial

Russia & CIS

  • December

    FEATURE: New Russian law remains a mystery 27 December 2009

    New Russian law No 31-FZ aims to provide a means for lessors to register their rights to aircraft. However, lessors think that ambiguity in the law might make it difficult to comply.

  • November

    Nominations for Deals of the Year 2009 10 November 2009

    Airfinance Journal is accepting nominations for Deals of the Year 2009.

  • October

    Transaero takes delivery of new Tupolev 214 12 October 2009

    The delivery is part of a contract the Russian carrier signed with Financail Leasing Company for ten of the aircraft type

  • September

    KD Avia ceases operations 09 September 2009

    The loss-making Russian start-up files for bankruptcy after amassing considerable debts

  • August

    VEB to finance Aeroflot Superjets 20 August 2009

    Russia’s state bank will finance ten Sukhoi Superjets for Aeroflot through its leasing subsidiary as the state ramps up its support for the aerospace industry

  • AirVolga launches CRJ200 jet service 11 August 2009

    The Volgograd-based carrier will start operating two used CRJ200 LRs acquired from a third party

  • Transaero on domestic high 11 August 2009

    After expanding its domestic footprint with a number of new routes, Transaero – Russia’s second largest airline internationally - becomes the country’s second largest carrier overall

  • UTair closes first Ex/Im deal 10 August 2009

    Russia’s third largest airline closes its first Ex/Im deal for seven 737-500s in a deal arranged by ING and valued at $43.8 million

  • June

    Gecas delivers A320 to Aeroflot 24 June 2009

    The A320-200 is one of 31 aircraft Gecas leases to the Russian carrier.

  • Airlines set to lose $9 billion this year 08 June 2009

    IATA says airlines are expected to post losses of $9 billion this year, with a 15% fall in revenues, and urges the industry to fundamentally restructure and resize in the face of unprecedented challenges.

  • May

    Russia provides $250 million aid for Superjet 14 May 2009

    State bank VEB is lending the country’s airlines $250 million to lease the Superjet-100, hailed as the spearhead of the manufacturing industry’s revival.

  • April

    Aeroflot ruled out of CSA take over 24 April 2009

    The Czech government has rejected Aeroflot’s bid for CSA because of security and safety concerns, but Russia’s largest airline says a tie up was not in its interests anyway.

  • Savelyev starts as Aeroflot CEO 10 April 2009

    The former deputy minister of economic development and trade in the Russian government starts work today at Aeroflot and will focus on implementing a cost-saving plan in light of difficult market conditions.

  • Finmeccanica buys quarter share of Sukhoi 08 April 2009

    The Italian conglomerate has bought 25% plus one share in the Russian manufacturer.

  • Aeroflot mandates Calyon and BNP for financing of six A321s 01 April 2009

    Aeroflot has mandated BNP Paribas and Calyon for the PDP and long-term financing of six A321-200s.

  • March

    Aeroflot bids for CSA 23 March 2009

    Aeroflot bids for the Czech national carrier as it looks to expand its footprint in Europe

  • Snegirev promoted at Debevoise 03 March 2009

    Aircraft finance lawyer promoted in Moscow.

  • February

    Aviaimport uses VEB export loan for Tu-204 purchase 13 February 2009

  • Transaero redeems debut bond 13 February 2009

    Russia's second-largest passenger carrier redeems bond and looks to future loans to fund expansion

  • January

    ILFC: AIG's sale of the century 05 January 2009

    The sale of ILFC by AIG may seem unthinkable but there are extraordinary parallels with GPA. It looks likely that a private equity firm will buy ILFC. If the sale is nsuccessful it could be the worst thing ever to hit aviation finance.

  • Repossessions and remarketing after the repo 05 January 2009

    Aircraft financiers planning to repossess aircraft or expecting them returned should be prepared. New research suggests that aircraft will be parked for between three months to over a year, on average, and cost owners more than $780,000 before they earn new lease rentals. Sophie Segal reports.

  • 2008 - A year to forget 05 January 2009

    The past 12 months were not the best of times, although aviation can largely claim its innocence in the financial catastrophe.

  • Listed lessors set for 2009 05 January 2009

    Share prices for the four listed aircraft leasing companies have all fallen dramatically. The lack of easily accessible equity might seem limiting to the public lessors at this time, but they have debt.

  • The year ahead for aviation finance 05 January 2009

Poll

Do you care about what happens at air shows?

Yes
35%
No
65%

Quote

If this story was real, I would be among the first to know. Our management strategy is very much about acquiring assets and not investing in companies.

Johnny Lau, global head of aviation finance at ICBC Leasing, talking about rumours that his bank is bidding for ILFC.