UTair seeks approval for PK AirFinance 737 financing

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Siberian carrier UTAir is seeking approval at next month’s special general shareholder meeting for financing of its first batch of 737-800/900ERs.

The carrier mandated the financing to Luxembourg-headquartered GECAS subsidiary PK AirFinance in December.

The first aircraft is due for delivery in March.

UTair is looking to finalise financing for 10 Boeing 737-800/900ERs.

At the 2011 Paris air show, the Russian carrier announced an order for 33 Boeing 737-800s and seven 737-900ERs.

Single-class configurations can accommodate 170 passengers on the -800 and 220 on the -900ER. Both aircraft are powered by CFM International CFM56 engines.

The special general shareholder meeting is scheduled for 13 March.