OREANDA-NEWS. On February 05, 2009 Within cooperation with Russia’s leading air carrier, VTB has set a RUB 2.5 billion credit limit for Aeroflot Russian Airlines JSC (Aeroflot), reported the press-centre of VTB.

The new limit will allow members of Aeroflot Russian Airlines Group to take advantage of VTB’s ample opportunities in financing operational needs, using a full range of instruments accepted in the international banking practice. This includes lending, standby letters of credit and bank guarantees.

Cooperation with air carriers is a priority business line for VTB. The Bank’s total credit risk for this industry currently exceeds RUB 19 billion. VTB actively participates in projects and programs related to developing airport businessoperations. One of these projects is the construction of Terminal 3 in Sheremetyevo, which involves VTB, Aeroflot Airlines JSC, VEB and JSC “International Airport Sheremetyevo”. VTB has allocated USD 264 million for to implementimplementation of this project.