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Funding for Volga-Dnepr

Modernisation of the airline's fleet (90 words)

Published: 8/16/2000

Sberbank, the Russian state savings bank, and Volga-Dnepr Airlines have signed an agreement giving the Ulyanovsk-based carrier a $10 million credit line over the next four and a half years. The credit will be used to modernise the carrier's fleet and purchase another An-124-100. This is the second round of financing provided to the heavy lift carrier following $6m funding for the completion of an An-124-100 at Ulyanovsk, which has recently been delivered to the airline and started operating on 3rd of August.

Article ID: 2001

 

 

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