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Sberbank and Irkut Corporation signed a cooperation agreement
20/072017

On July 20, 2017, during the International Aviation and Space Salon MAKS-2017, Sberbank and Irkut Corporation signed an agreement on the development of cooperation on the MC-21 project. The agreement implies the possibility to provide the Corporation with a wide range of financial products of the bank for the development of the MC-21 project, including the after-sales support of the aircraft.

Since 2012, Sberbank has been the main financial partner in the development and production of the newest medium-range MC-21 airliner. The amount of credit resources provided to the project is about 1 billion US dollars.

Vice President of Sberbank Vyacheslav Tsibulnikov said: "We are proud to participate in the most important project of the Russian aviation industry to create a modern and competitive aircraft for world markets. Our bank continues to develop cooperation with the leading Russian aircraft manufacturers."

President of Irkut Corporation Oleg Demchenko said: "We highly appreciate the strategic partnership with Sberbank, with which we work on the core projects of the corporation."

He also added that Sberbank employees provided substantial assistance in analyzing the financial model of the MC-21 project.

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