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Saturday, September 1, 2012

UTair Finances Eurocopter AS350s, Receives Mi-171 Trio

Russian airline UTair has obtained a seven-year, $45-million financing package from British bank HSBC on a security from French insurance agency COFACE to purchase 19 Eurocopter AS350s and AS355s. The agreement represents the first time that UTair has secured financing and insurance from an international export agency. Plans call for UTair, which already operates five AS350/355s, to take delivery of four additional helicopters by the end of the year, with another 10 coming during 2013. Russian Helicopters subsidiary, Ulan-Ude Aviation, has handed over three Mi-171s to UTair. The helicopters will operate out of Peru for UTair’s HeliSur operation. The three Mi-171s represent the initial deliveries of a 40-helicopter order between UTair and Ulan-Ude in 2011. UTair currently operates more than 40 Ulan-Ude produced helicopters.

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