Wednesday, August 1, 2012
UTair Obtains Financing to Purchase Eurocopter AS350s
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 deal 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.
Related: Finance and Insurance News