Russian Helicopters and VTB to cooperate  in the field of civil helicopter construction

Russian Helicopters and VTB to cooperate in the field of civil helicopter construction

26-Jul-2021 Source: Russian Helicopters

The Russian Helicopters holding (Rostec State Corporation) and VTB Bank, within the framework of the MAKS-2021 International Aviation and Space Salon, have entered into a cooperation agreement providing for financing projects for the development of civilian helicopter manufacturing.

Russian Helicopters and VTB will cooperate in the field of civil helicopter construction

The document was signed by Andrey Boginsky, Director General of the Russian Helicopters holding, and Valery Lukyanenko, Deputy President and Chairman of the VTB Management Board.

In accordance with the agreement, VTB Bank will participate in lending to civil production programs of the holding’s enterprises, financing its current and investment projects. The bank is also ready to provide the holding with consulting and information services in the banking, investment and financial spheres.

In addition, VTB confirmed its readiness to act as a partner in projects to create service hubs in key regions of Russian Helicopters presence in order to form a sufficient stock of components, prompt repair and maintenance of potential consumers of Russian civilian helicopters.

“Over the past few years, a new generation of Russian civilian helicopters has entered the domestic market, the Ansat, Mi-171A2, Mi-38 helicopters have acquired their first customers, the newest Ka-62 helicopter is completing certification tests, is presented at the air show and is taking part in the flight program. we are faced with the task of developing success in Russia and entering new markets abroad, and I am sure that the financial support of VTB Bank will become a reliable support in achieving our goals, “said Russian Helicopters CEO Andrei Boginsky .

“We are fully focused on the implementation of exclusively civil projects – such as Ansat, Ka-62 and others, which have significant prospects both in the domestic market and abroad. At the same time, we are developing cooperation for the implementation of foreign economic contracts for the supply and after-sales service of helicopter equipment: only over the past year and a half, transactions totaling more than 22 billion rubles have been successfully implemented. The agreement concluded today will contribute to the effective development of civil helicopter construction in Russia and the supply of world-class machines both for domestic needs and partners from other countries, “he said after signing Deputy President – Chairman of the Management Board of VTB Valery Lukyanenko .

The partnership between Russian Helicopters and VTB is complex; the bank has provided financing to the holding’s enterprises for the implementation of various production programs, the development of new models of helicopter technology, and its export and domestic deliveries in the amount of over 150 billion rubles. The current agreement with the holding is a new stage in the development of the course taken in 2016 towards the exit of VTB Bank from the defense theme and reorientation to support civil projects.

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