UTair-Leasing Acquires New Airport Equipment at Mineralnye Vody Airport

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UTair-Leasing has completed a transaction for the acquisition and delivery new airport equipment for the Mineralnye Vody International Airport.

Surgut, Russian Federation., January 15, 2013 - (PressReleasePoint) - UTair-Leasing has completed a transaction for the acquisition and delivery of 15 units of new airport equipment for the Mineralnye Vody International Airport.
The service park at the Mineralnye Vody Airport will be upgraded with modern self-propelled passenger steps, tractors, belt loaders, catering lift tracks and ramp buses. All equipment will be supplied to the lessee directly from leading foreign manufacturers. The leasing deal is valued at more than 84 million rubles. The acquisition of special vehicles for aircraft handling, ramp and runway servicing will allow the airport to improve the service quality for passengers and ensure continuity of operations in adverse weather conditions at Mineralnye Vody Airport.

UTair-Leasing won the open tender for the supply of equipment to Mineralnye Vody Airport held in August 2012. Financing was provided by Alfa-Bank.

This is not the first instance of cooperation between Mineranye Vody International Airport and UTair-Leasing. UTair-Leasing was responsible for lease agreements for a large supply of airport engineering and equipment with a total value of 192 million rubles in September 2011.

UTair-Leasing is a subsidiary of UTair Aviation specializing in aircraft leasing. According to Expert Ural, UTair-Leasing ranked among the top 3 Ural-based leasing companies in H1 2012. In H1 2012 the company’s lease agreement portfolio was valued at more than 2.7 billion rubles. Among the major UTair-Leasing clients are Emelyanovo Airport, Airport Kurumoch, Mineralnye Vody International Airport, Roschino Airport, Surgut Airport, Omsk Airport, Tomsk Airport, Ufa International Airport, Vnukovo-Technics and Aviation Company Altai.

Alfa-Bank was founded in1990 and is a universal bank, performing all types of banking operations, including private and corporate banking, investment banking, leasing, trade and infrastructure financing. In H1 2012 according to the bank’s IFRS reporting the bank’s assets, including OJSC Alfa-Bank and its subsidiary companies, constituted $33.9 billion, credit portfolio – $24.1 billion, overall capital – $3.9 billion. Net income in the reporting period constituted $544 million.