Russia: state-owned leasing company defers payments from state-owned airlines

Published: 26-03-2020 Russia: state-owned leasing company defers payments from state-owned airlines

Mar 26, 2020 (newstodate): The state-owned Russian carrier Aeroflot has secured a restructuring of its aircraft lease contracts with the similarly state-owned VTB Leasing.
   The restructuring concerns deferred lease payments for 67 aircraft including 50 Boeing 737-800, four Boeing 747, two Boeing 777, nine Airbus A319,one Airbus А320 and one Airbus А330, corresponding to 19 percent of the carrier's fleet.
   During the grace period from April through to the end of September 2020, VTB Leasing secures a lease payment break for the Aeroflot Group's four carriers Aeroflot, Pobeda Airlines, Rossiya Airlines and Aurora Airlines.

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