Standard Bank London, assisted by its newly opened affiliate company in Russia, ZAO Standard Bank, has provided a US$14.285mn insurance premium finance loan facility to JSC Aeroflot Russian Airlines. This is the first transaction of this nature to be provided in the Russian aviation market and has enabled Aeroflot to negotiate considerable additional discounts on its insurance premiums from lead underwriters. The purpose of this facility is to finance Aeroflot’s annual insurance premium and the facility is repayable in 11 equal monthly instalments.
Aeroflot signs insurance deal
No category / 26-08-03 / by