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VTB Bank issues guarantee within Khabarovsk Airport modernization project

20 September 2011

As part of the development plan for Khabarovsk (Novy) international airport, VTB Bank has issued a guarantee to JSC Khabarovsk Airport.

The USD 8.875 million guarantee with a 1,825 day validity term secures the liabilities of JSC Khabarovsk Airport to Incheon International Airport Corporation.

In July 2011 Incheon International Airport Corporation acquired 10% of JSC Khabarovsk Airport’s stock, becoming the airport’s shareholder and the investor of its modernization project.

For reference:

JSC Khabarovsk Airport is the largest air hub in the Russian Far East in terms of civil passenger traffic both in domestic and international airlines. In 2010 the airport provided services to nearly 1.4 million passengers.  

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