OREANDA-NEWS. November 22, 2013. On the ground of Dubai Airshow 2013 Sberbank, Sukhoi Civil Aircraft (SCAC) and Abu Dhabi Investment Company “Invest AD” signed a tri-lateral Letter of Intent to launch their cooperation in the Middle East in marketing and promotion of Sukhoi Superjet 100 in its basic and long range modification.

As an outcome of the signing ceremony, Alexander Dementiev as Global head of Financial Institutions at Sberbank, stated: “In the light of the recently adopted Sberbank Development Strategy for 2014-2018 we aim at becoming a global partner for our clients. Sukhoi Civil Aircraft Company is a leader of the Russian aviation industry and one of Sberbank’s key clients. We are ready to support its interests at any spot in the world. Together with Invest AD as our strategic partner in the Middle East and Africa, we will support and help Sukhoi Civil Aircraft Company and the Russian Federation in promoting the Russian aviation industry production in this strategically important region of the globe.”

Andrey Kalinovsky, SCAC President noted: “Currently, the Middle East is one of the priority markets for SSJ100. In this regard, today we signed the Letter of Intent in order to optimize funding proposals related to purchase of our aircraft by new customers in this, promising for the Sukhoi Superjet 100 project, region”.

Nazem Al Kudsi, General Director of Invest AD, commented: “Invest AD is proud to support Sberbank's strategic clients like Sukhoi in establishing a presence and developing operations in the UAE to cover the Middle East region”.