VTB LEASING TO SUPPLY EMBRAER AIRCRAFT TO SOMON AIR

On November 21, as part of the VTB Capital annual investment forum “RUSSIA CALLING!” VTB Leasing and Somon Air signed a memorandum of cooperation. In early 2020, as part of leasing financing, an agreement will be signed on the delivery of two Embraer E190E2 aircraft to the carrier.

On the part of VTB Leasing, the document was signed by CEO Dmitry Ivanter. On the airline side, the document was signed by Thomas W. Hallam II, CEO. Somon Air is today the dynamically developing national carrier of Tajikistan, based at Dushanbe airport. A company with a fleet of 6 aircraft operates international flights from Dushanbe and Khujand.

“VTB Leasing is a leader in the Russian aircraft market according to Fitch and Expert RA ratings, and we are ready to actively develop this segment, including through work with foreign partners. Our company has experience in structuring financial or operational leasing transactions of any complexity with the participation of Russian and foreign companies. I am sure that our cooperation with Somon Air will be successful, will increase the availability and safety of air travel, and will serve the development of both companies. Increasing the efficiency of working with clients, increasing the client base and expanding customer reach in the market are important objectives of VTB’s strategy”, - said Dmitry Ivanter, VTB Leasing General Director.

“We are glad to cooperate with such a leader in our industry as VTB Leasing Company and express hope for the further development of our partnership, which is aimed, first of all, at improving and the quality of air carriage,” said Thomas W. Hallam II, Somon Air CEO.

To date, Somon Air has successfully operated flights from Tajikistan to Germany, the UAE, Turkey, China, Russia, Kazakhstan and Uzbekistan. In the fleet of the airline, there are Boeing 737-300, -800 and -900 aircraft and Airbus H125 helicopter.