Sberbank Leasing ready for first cross-border transaction

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

Sberbank Leasing is confident it will close its first cross-border transaction soon, according to its development director Pavel Piskun.

Piskun told delegates at the International Society of Transport Aircraft Trading in Barcelona today that Sberbank Leasing has changed its approach during the past year and is acting more as an “international player”.

According to him, about 70% of deliveries in the Russian market this year will be financed by foreign banks and operating lessors.

“Domestic players will increase their share as there are supported by the government, but I doubt independent financial groups can take a long term risk in this industry,” he says.

Piskun says Sberbank Leasing can finance Western jets for customers as well as domestic-manufactured aircraft for non-Russian operators.

According to him, the lessor has taken steps in supporting Sukhoi Civil SSJ100s sales.

“Our bank is the biggest retail player in Russia and Sberbank Leasing is working on deals where the bank has an international presence,” he says. These includes mainly ex-CIS countries but the lessor is willing to go beyond those markets.

The lessor recently closed the financing of a new Boeing 747-8F aircraft for the Volga-Dnepr group.