IFC Will Establish Joint Leasing Company in Venezuela
OREANDA-NEWS. November 19, 2010. During the official visit of the official delegations of the
The purpose of the leasing company to be established will be supply of Russian new generation jets to the
In accordance with the document signed, the parties plan to establish a joint leasing company in the 1st quarter 2011, with participation of ICF and the Bi-national Russian-Venezuelan bank of development, which is being incorporated at the moment on the basis on “Eurofinance Mosnarbank”. IFC will provide the managerial potential and knowledge in the scope of air industry, as well as a part of its capital, at the disposal of the company to be incorporated. The Bi-national Russian-Venezuelan bank of development will deal with financing, and the Venezuela Ministry of People’s Power for Transport and Communications will act as a regulating entity.
Business plan developed by IFC, and the preliminary order portfolio for 28 An148/158 aircrafts. The orders with the total value of about USD 700 mln. came from the Latin American air companies from
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