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VEB-Leasing and Air Company Yakutia Renegotiate Leasing Arrangement for Two SSJ100s

VEB-Leasing (part of VEB Group) and Air Company Yakutia signed a lease agreement for two Sukhoi Superjet 100 aircraft (RA89012 and RA89011), changing the currency of lease payments from the US dollar to the Russian rouble.

VEB-Leasing and Air Company Yakutia initially signed an agreement in November 2012 whereby the first two Sukhoi Superjet 100 airliners were leased.

The airline became one of the first to operate SSJ100 aircraft, thus proving that they could be used in a severe climate.

As an SSJ100 operator, the airline achieved excellent results and became a leading carrier with considerable flying hours. In addition, Air Company Yakutia was able to build an infrastructure for maintaining the aircraft and enhance competence in maintenance, including C checks.

The weakening of the national currency added financial complications to the operation of the SSJ100 because the airline made lease payments under the agreement in US dollars. The restructured deal with lease payments in roubles allows Air Company Yakutia to continue the operation of the aircraft on favourable terms, providing support for the airline’s regional transport services.

“Vnesheconombank Group offers a variety of tools to support the aviation industry as one of our strategic priorities. We are attentive to the needs of our customers and strive to find convenient and mutually beneficial forms of cooperation. For instance, VEB-Leasing renegotiated the lease agreement with Air Company Yakutia, which decreased foreign exchange costs associated with the operation of two Sukhoi Superjet 100 aircraft,” Vnesheconombank’s First Deputy Chairman and Member of the Board Dmitry Kurdyukov said.

Ivan Vinokurov, Fleet Director of Air Company Yakutia, appreciated the high professionalism and teamwork of Vnesheconombank and VEB-Leasing, which enabled them to work to a tight schedule and achieve the desired result. All lease payments for the Russian-made Sukhoi Superjet 100 aircraft operated by Air Company Yakutia will be made in the Russian currency.

“We are happy to arrive at a consensus and intend to further cooperation with the airline. The signed agreement is completely in accordance with the VEB-Leasing strategy: we support domestic producers and contribute to developing the regions’ transport infrastructure,” Yuri Gaichenya, Acting General Director of VEB-Leasing, commented.

VEB-Leasing joined Vnesheconombank Group in 2008. The Company is a strategic part of Vnesheconombank Group and uses leasing arrangements to provide support for the domestic economy. The Company’s core business is related to leases of modern aircraft, high-technology equipment, railway vehicles, sea and river vessels, motor vehicles and special-purpose equipment. In the Russian leasing industry, VEB-Leasing has been the leader in terms of new business arrangements since 2009 and has had the largest net lease portfolio since the first half of 2012. VEB-Leasing became the leader in the segments of motor vehicle leases and leases for small businesses in 2013.

Air Company Yakutia, the largest air carrier in the Russian Far East, became the first Sukhoi Superjet 100 operator in the Far East and the second in Russia after Aeroflot to use the new domestically made aircraft. Yakutia Technics, the Company’s division using the largest aircraft maintenance facility in the Far East, constantly achieves new results and systematically develops its skills in maintaining foreign and Russian aircraft. Yakutia Technics is staffed by highly qualified personnel and has two hangars at the Yakutsk airport, capable of accommodating six AN-24/DHC-8-300 turboprop airliners or two A320/B737/SSJ100 narrow-body airliners. The facility has up-to-date equipment and includes a wheel shop, a fitting shop, an aviation equipment laboratory, an NDT laboratory, the region’s best metrology department and other support units. In September 2014, Air Company Yakutia was licensed by the aviation authority to carry out full service maintenance for the aircraft in Yakutsk. In the winter of 2014/15, the airline performed the first C check on its two SSJ100s.

The Sukhoi Superjet 100 (SSJ100) is a new generation of airliners designed and produced by Sukhoi Civil Aircraft Company in cooperation with Leonardo-Finmeccanica. The aircraft is the latest in aerodynamics, engine and avionics technology ensuring the highest operational reliability and comfort. The SSJ100 is designed for short- and medium-haul routes. The aircraft was unveiled in September 2007. The basic version of the SSJ100 has a flying range of 3,000 km, while the Long Range version is designed for 4,500 km. The first flight of the SSJ100 took place in May 2008, and the first airliner was delivered to the buyer in the spring of 2011. The aircraft is EASA and IAC certified.


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