Russian carrier SarAvia to lease Embraer 195s

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

Shareholders of Russian carrier Saravia have approved the lease of two Embraer 195 aircraft from Celestial Aviation Trading 33, an affiliate of GECAS, according to media reports.

The Saratov-based carrier will lease the E-195s for a period of seven years with the right of early termination at the fifth year.

The $35.5 million transaction includes monthly leases of $216,000 per aircraft for the first five years, and $200,000 a month for the remaining two years of the leases.

Saravia's shareholders also approved a five-year loan from Cyprus-based Sirindini Investments. The facility carries a 7% interest rate per annum and shall not exceed $10 million, according to reports.

The transaction marks the third time Sirindini Investments provides a loan facility for the Russian carrier. At 31 December 2012, the two previous loans amounted to $9 million.

According to Flightglobal's Ascend online database, SarAvia operates a fleet of Yakolev Yak-42s.