VEB Leasing seeks Ex-Im for Aeroflot leases

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Vnesheconombank subsidiary VEB Leasing is seeking US Export-Import Bank guarantees to help finance Boeing 777 aircraft on lease to Aeroflot.

A decision is expected after 16 December, according Ex-Im's minutes on the request.

In August, VEB Leasing issued a request for proposals for Ex-Im-backed financing to support six Boeing 777 aircraft on lease to Aeroflot, according to market sources.

In 2012, 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 contracts.

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