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Intesa and UniCredit arrange UTair financing

03 June 2011

Intesa Sanpaolo and UniCredit have arranged financing for the acquisition of a new ATR fleet for Russia’s UTair Aviation.

Read more: export credit agency eca Sace Coface UTair Russian aircraft financing ATR Intesa Sanpaulo Unicredit

 

Intesa Sanpaolo (Paris branch) and UniCredit have signed an export credit agency (ECA) -backed facility for the number one Russian domestic Airline UTair Aviation, to finance its acquisition of a fleet of 20 new ATR 72-500 regional aircraft. The transaction is valued at $426 million.

 

The deal has a tenor of 13.5 years and is 95% supported on a fifty-fifty basis by French export credit agency Coface and Italian export...


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