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Leasing solutions for airlines with 15% of aircraft flying

Siberian leasing company gains wide support from governors in the region

Published: 8/25/1999

According to a report in RBC, there are plans to create a leasing company in Western Siberia. The move has already gained the support of the Tomsk, Krasnoyarsk, and Novossibirsk Regions. According to the Governor of Novossibirsk Region, Vitaly Mukha, only 15% of aircraft belonging to the region's airlines are currently operating, and the balance is 'junk'. The new company is projected to own around 45-50 aircraft, with similar number of helicopters. Its objective will be to restore the airlines' fleets in Western Siberia within 2 to 3 years, and revitalise the flagging operations of the Novossibirsk, Omsk, Tyumen, and Irkutsk airlines. No information has yet been provided on how the new venture would be funded, and by whom.

Article ID: 784

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