VEB issues RFP for Ex-Im-backed 777 funding for Aeroflot

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Vnesheconombank subsidiary VEB-Leasing is in the market with a request for proposals for US Export-Import Bank-backed financing for six Boeing 777 aircraft on lease to Aeroflot.

According to a banker, the leasing company is looking for export credit loan funding instead of bond financing, which has become increasingly popular during the past year.

Last year, VEB-Leasing and Aeroflot entered into finance leases on four Boeing 777-300 aircraft.

VEB-Leasing agreed to finance the purchase, which delivered in January, February, March and April, under long-term finance lease contracts.

According to Flightglobal’s Ascend Online database, the carrier holds letters on intent on six Boeing 777-200ER aircraft.

Neither VEB-Leasing nor Aeroflot was available for comment at the time of press.