Last Updated July 06, 2012
Aerospace manufacturer IRKUT Corporation and Russia’s ECA Exiar have signed a memorandum of cooperation to launch a credit insurance programme for aircraft exports.
Under the agreement, Exiar will provide exporters with financing and political and commercial risk insurance for exports of MC-21 aircrafts at minimum interest rates.
The cooperation pact was signed on Friday July 06 between Alexey Fedorov, president of IRKUT Corporation and Peter Fradkov, CEO of Exiar.
Exiar’s participation in the development of the credit insurance programme will allow aircraft exports to expand into the foreign markets, Fradkov says in a statement.
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