Within the framework of supporting national aviation industry VTB has provided to TRANSAERO Air Company with three loans worth RUB 750 mln for a 1.5-year period. Part of the amount is extended to the company under the RF Government program aimed at supporting the largest air carriers of the country.
The funds will be used to promote and finance the current activity of the company.
VTB and TRANSAERO have been actively developing partnership relations for three years. According to Valery Lukyanenko, Member of VTB Management Board, cooperation with air transport companies is among priority lines of VTB business development. Total volume of risks assumed by the Bank to conduct operations with enterprises of this industry exceeds RUB 19 bln.For reference: