OREANDA-NEWS. On 21 April 2008 was announced, that the State Corporation “Bank for Development and Foreign Economic Affairs” (Vnesheconombank, Russia), COFACE, a French export credit agency, and SACE, an Italian export credit agency signed a Joint statement on the establishment of an export credit financing scheme for the Sukhoi Superjet 100 international sales.

The trilateral document signed today declares that all parties are now ready to produce and deliver a comprehensive financial package, including financing, warranties and insurance to support the SSJ100 international sales. Specifically, this document implements the terms of the cooperation agreement signed on August 21, 2007 by Mikhail Pogosyan, Director General of Sukhoi Company, Victor Subbotin, President of Sukhoi Civil Aircraft Company, and Vladimir Dmitriev, Chairman of Vnesheconombank.

The present document determines the basic principles and major approaches towards delivering the above-mentioned financial services intended for both Russian and international airlines, and to help gain greater presence of the Sukhoi Superjet 100 aircraft in the global arena. This priority task can be achieved through a competitive and attractive customer finance system for SSJ100’s international sales, which leverages on joint efforts of finance institutions of Russia, France and Italy.

Therefore, before putting the SSJ100 aircraft family into service, its customers will be offered a solid financial package able to meet cutthroat competition. The combination of a lucrative customer finance scheme and international involvement in the Sukhoi Superjet 100 Project naturally facilitates SCAC’s entrance to the international market of regional aircraft and grants growing recognition among international customers.

Mikhail Pogosyan, Director General of Sukhoi Company, stated at the official signing ceremony, “One of the key things that can make an aircraft attractive for air carriers is a smart and well-thought customer finance. Today’s agreements ensue from a solid industrial cooperation scenario – a scenario unique to the Russian aircraft production practices. Our ability to offer global customers a mature finance scheme will win their undivided loyalty and greater recognition, which is sure to help us benefit from market potential”.