OREANDA-NEWS. August 24, 2011. In the course of the MAKS-2011 International Aerospace Salon (the city of Zhukovsky) open joint stock company VEB-Leasing - a subsidiary of State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’, open joint stock company the YUtair Airline and closed joint stock company the Sukhoi Civilian Aircraft entered into a Long-Term Lease Agreement.

On behalf of OJSC VEB-Leasing the Agreement was signed per procuration by Vnesheconombank Chairman Vladimir Dmitriev, on behalf of the YUTair Airline – by its Director General Andrei Martirosov, on behalf of the Sukhoi Civilian Aircraft - per procuration by President of the United Aircraft Construction Corporation Mikhail Pogosyan.

The Agreement provides for OJSC VEB-Leasing to purchase 24 Sukhoi Superjet 100 aircraft and lease them out to the YUTair Airline .

The transaction’s total amount is 760.8 million dollars in catalog prices.

The project would help to further implement the program of renewing YUTair’s fleet of aircraft, expanding the Airline’s intra-Russian and international routes and improve the quality of services.

Open Joint Stock Company the YUTair Airline. YUTair has been operating on the aviation market for more than 40 years. It is among the three largest airlines and has the most extensive network in the country; it operates Russia’s largest aircraft and helicopter fleet of more than 500 airplanes. In high season the Airline’s planes make more than 300 passenger flights daily. YUTair plans to carry more 7 million passengers in 2011 – 40% more than in 2010. In order to carry out its program in 2011 it is using more 140 planes including the largest Tu-54M fleet as well as foreign Boeing757, Boeing-737, Bombardier CRJ 200, ATR 72, ATR 42 and others.

YUTair is number one helicopter company worldwide in terms of the number and load capacity of helicopters, the company has 330 helicopters of all classes including MI-26T helicopters with the heaviest load capacity in the world capable of carrying cargoes of up to 20 tons inside the body and using external load string system. The main customers of YUTair’s helicopter services in Russia are the largest oil and gas companies. In 2010, helicopter operations will be carried out in Russia  and ten foreign states.

The Sukhoi Civil Aicraft Company. The Company’s shareholders are the Sukhoi Company (75%+-1 share) and Italy’s Alenia Aeronautica (25% + 1 share) since April 7, 2009. The Sukhoi Civil Aircraft Company was established in 2000 to create new models of civil aircraft. The Company’s head office is located in Moscow.

The Company has its branches at the main production facilities in Komsomolsk-on- Amur, Novosibirsk and Voronezh.

The Company’s main project now is the Program of creating a family of Russian regional Sukhoi Superjet 100 aircraft. The first operational Superjet 100 aircraft was presented to the public at a plant in Komsomolsk-on- Amur on September 26, 2007. It made a successful maiden flight there on May 19, 2008. In February of 2011, the SSJ100 received the IR IAC certificate. On April 2011, the Armavia Airline put the aircraft into commercial operation.

Open Joint Stock Company VEB-Leasing was set up in 2003. The company’s main shareholder is Vnesheconombank. The company’s main lines of activities are leasing of high-technology equipment, rolling stock, aircraft, sea and river vessels, automobiles and special equipment.

In 2010, VEB-Leasing became a leader in the leasing sector in terms of new business volume and net leasing portfolio and maintained its leadership in such key capital-intensive segments as leasing of air transport, railway rolling stock and sea and river vessels.