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Company News

20 September 2013

Press Message On 50 Boeing-737 Operational Leasing Deal

September 20, 2012, Moscow. – The information that has earlier appeared in the media claiming Aeroflot might pay a double price against the catalogue for operational lease of 50 Boeing-737 Next Generation aircrafts is a fact mistake. The figures presented in such publications were misinterpreted.

The declared sum of the deal, $7,47 billion, is an overall price including leasing contract itself; 6-year prolongation option; $1,9 billion for technical maintenance reserve; cost of financing during the lease and covering all other risks that may appear.

It should be taken into consideration that the abovementioned insurance reserves for technical maintenance will not be charged since Aeroflot is the most reliable operator and partner in the Russian Federation. Also, the flag carrier will not necessarily require lease extension for 6 more years. This limits the final cost of the 12 years lease contract for 50 Boeing-737 aircrafts to $3.5 billion which is $700 million less than the estimated cost announced 3 years ago.

 

ROSTEKHNOLOGII STATE CORPORATION (ROSTEC) is a Russian corporation established in 2007 in order to facilitate the development, manufacturing and export of high-technology industrial products of military and civil purposes. Today it comprises over 663 companies, which form 8 military-industrial and 5 civil industry holdings. Rostec’s subsidiaries are located in 60 regions of Russia and supply their products to over 70 countries worldwide. In 2012 revenues of the Corporation amounted to RUB 931 billion, net profits were RUB 38.5 billion and total taxation exceeded RUB 109 billion.

 

Сelebrating its 90-th anniversary in 2013, Aeroflot is Russia’s flagship airline and the largest national air company. Proudly being a member of the SkyTeam global airline alliance, Aeroflot with its partnering members provides service to more than 1000 destinations in 178 countries. Aeroflot operates one of the most modern and youngest fleets in Europe counting 139 aircraft formed by Airbus, Boeing and Sukhoi airliners with an average airplane age between five and six years old. In 2012 Aeroflot carried 17.7 million passengers (27.5 million passengers as Aeroflot Group), continuously showing the best results in modern Russia’s history. In June 2013 Aeroflot was for the second time awarded by SKYTRAX as The Best Airline in Eastern Europe. Find more at www.aeroflot.com.