Airbus has signed a Memorandum of Understanding (MOU) with leading Russian leasing company, VEB-Leasing, on cooperation in aviation leasing and finance.
Under the agreement, Airbus and VEB-Leasing will share competences, experience and information in order to cooperate on aircraft financing and management, including the structuring of operating and finance lease transactions as well as portfolio asset management.
The MOU also foresees that VEB-Leasing will provide leasing and financing support to airlines in Russia and the CIS (Commonwealth of Independent States) in areas such as pre-delivery payment financing of Airbus aircraft, delivery financing of new and used Airbus aircraft and financing with the support of European export credit agencies.