newstodate.aero
JUN 16, 2004 (newstodate): Ther International Finance Corporation, IFC, has backed the re-financing of Siberia Airlines' fleet modernisation within a USD 25 mio framework.
The gramework will allow the airline to replace its existing short and medium-term loans with longer-term facilities, allowing the airline to acquire and refurbish aircraft, increase its working capital, and expand its route network.
-The IFC investment will demonstrate the viability of investments in the air transportation sector in Russia and play a catalytic role in attracting more foreign investments into this sector. IFC's investment will send a positive signal to prospective foreign investors and give the company necessary exposure to international financial markets and technical partners, says IFC.
The gramework will allow the airline to replace its existing short and medium-term loans with longer-term facilities, allowing the airline to acquire and refurbish aircraft, increase its working capital, and expand its route network.
-The IFC investment will demonstrate the viability of investments in the air transportation sector in Russia and play a catalytic role in attracting more foreign investments into this sector. IFC's investment will send a positive signal to prospective foreign investors and give the company necessary exposure to international financial markets and technical partners, says IFC.