Novikombank, part of Russia’s State Corporation
Rostec, has concluded a number of agreements to finance the
holdings of the Rostec's aviation cluster - United Engine
Corporation (UEC) and Russian Helicopters.
The total amount of Novikombank's loans to UEC
enterprises will reach 35 billion rubles (about $540 million). The agreements provide comprehensive financial support for important
projects such as the production of PD-14 and SaM146 aircraft
engines, TV3-117 and VK-2500 helicopter engines, as well as gas
turbine energy units and other equipment.
partnership agreement between Novikombank and Russian Helicopters
covers the delivery, repair and service support of helicopters
such as Ka-62, Ka-32, Ka-226, Ansat, Mi-171А2, Mi-171, Mi-38 and
other products of the civilian sector. The parties also signed a
loan agreement that covers financing to the holding for 5 billion
rubles (over $75 million).
“The development of civil
aviation, helicopter engineering, engine building is one of the
key priorities of Rostec. Products such as the PD-14 and VK-2500
engines, Ka-226 and Ansat helicopters, are not only strategically
important for our country, but have high potential and interest in
foreign markets. This is confirmed by numerous concluded
agreements with China, countries of Southeast Asia, the Middle
East and others,” said the Industrial Director of Rostec’s
Aviation Cluster, Anatoly Serdyukov. “Naturally, successful
implementation of our projects requires loans and investments.
Today's agreements will contribute to the continuous development
of our aviation enterprises.”