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VTB and IFC sign cooperation agreement

26 August 2015

VTB Bank and Ilyushin Finance Co (IFC) signed a cooperation agreement during the second day of the MAKS 2015 international aviation and space salon in Zhukovsky, Moscow. The deal was signed by VTB Board Member Valery Lukyanenko and IFC General Director Alexander Rubtsov.

Under the agreement, VTB will finance projects and transactions that form part of the leasing company’s current financial and economic operations. The bank is also ready to provide IFC with consultation services and information support on banking, investment and financial issues.

Ilyushin Finance Co is Russia’s largest specialised aircraft leasing company. It was founded in 1999 to finance the sale and lease of civil aircraft in the domestic and international markets. IFC is now part of the state-controlled United Aircraft Corporation. The company’s principal areas of activity include the financial and operational leasing of modern civilian aircraft, the financing of exported Russian-made aircraft, the provision of aircraft maintenance services and training crews, and technical personnel in close partnership with IFC Technic and IFC Training companies.

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