Sberbank of Russia and its wholly owned subsidiary Sberbank Leasing have entered into an agreement with Boeing to purchase 12 Next-Generation 737-800s.
The new aeroplanes are valued at more than $1bn, based on current list prices.
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Aircraft from the deal will be used for operational leasing under Sberbank’s contract with Russian commercial and charter air carrier Transaero, one of Sberbank’s corporate customers.
The deal will provide a platform for developing an environment for finance and operational leasing of imported aircraft in Russia, according to Boeing.
Sberbank will follow international standards for aeroplane leasing, allowing it to provide airlines with advanced finance solutions.
Sberbank of Russia CEO and chairman of board Herman Gref said the agreement marked a significant step forward and was evidence of Sberbank’s commitment to aviation financing.
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By GlobalData"It substantially contributes to the development of trade and economic relations between Russia and the US," Gref said
Boeing Commercial Airplanes Middle East, Russia and Central Asia sales vice-president Marty Bentrott said that Boeing’s partnership with Russian industry and the aerospace sector in particular date back more than 40 years.
"This is a historic milestone in our long-term relationship with Sberbank and yet another strong endorsement of the 737," Bentrott added.
The 737-800 is a stretched version of the 737-700, and can accommodate between 162 to 189 passengers.
It can fly 260nm further and consumes 7% less fuel, while carrying 12 more passengers compared with rival aircraft, according to Boeing.
Image: A Boeing Next-Generation 737-800 in Air Austral’s livery. Photo: courtesy of Boeing.
