VTB Bank has granted RUB 3.1 billion loan facility to JSC Sukhoi Civil Aircraft (JSC SCA), a subsidiary of JSC Sukhoi Company. The funds were channeled into implementation of the Sukhoi Super Jet 100 project.
According to Valery Lukyanenko, member of the Management Board,”VTB has been persistently supporting initiatives of its strategic partners aimed at modernization of production facilities and augmentation of the technologies. Financing of JSC SCA has a great social significance. It will boost competitiveness of domestic aircraft engineering and the national economy.”
JSC SCA is a subsidiary of JSC Sukhoi Company. The company was founded in 2001 to implement civil projects of the holding. The roll out project of the company is Development of New Russian Regional Jet Family SSJ-100 (Sukhoi Super Jet). Currently, the company with its batch production facilities in Komsomolsk–on –Amur and Novosibirsk employs over 1500 people.