Russian Financing To Support Home Markets

Roman Pakhomov, CEO of Avia Capital Services, predicts strong demand for new aircraft from the Russian market, many of which will replace older aircraft in the country's aging fleet. Speaking at the International Society of Transport Aircraft Trading (ISTAT) in Barcelona yesterday (October 7), Pakhomov said that Avia Capital Services would take "a conservative approach" to financing and would not lend to foreign companies. However, it will finance deliveries of Russian products, such as Sukhoi aircraft, abroad. He added that more than 70 per cent of Russia's aircraft financing comes from foreign banks and lessors and while domestic financiers will hold a larger percentage of the market in the future, these banks are government-owned.

TAGS: Airlines
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