Business

April 5, 2013

Boeing, Sberbank announce order for 12 737- 800s

Boeing, Sberbank of Russia and its wholly owned subsidiary, Sberbank Leasing, have reached an agreement on an order for 12 Next-Generation 737-800s.

The airplanes are intended for operational leasing under Sberbank’s contract with Transaero, one of Sberbank’s key corporate customers.

Valued at more than $1 billion at current list prices, the deal will help lay the groundwork for developing an environment for finance and operational leasing of imported aircraft in Russia. Sberbank will follow international standards for airplane leasing, allowing it to provide air carriers with modern, world-class finance solutions.

“The agreement that we have reached today marks a very significant step forward and is evidence of Sberbank’s commitment to aviation financing. It substantially contributes to the development of trade and economic relations between Russia and the U.S.,” said Herman Gref, CEO and chairman of the board of Sberbank of Russia. “Sberbank will use our new 737-800s to give our corporate customers the best service available in the aircraft leasing industry.”

“Aviation has a proud history in Russia as does Sberbank,” said Shep Hill, president of Boeing International. “Similarly Boeing’s partnership with Russian industry and the aerospace sector in particular date back over 40 years. Boeing is honored to have long and mutually beneficial relationships with outstanding customers and partners and is now privileged to enjoy the support and confidence of Sberbank as the bank moves into aircraft leasing.”

“This is a historic milestone in our long-term relationship with Sberbank and yet another strong endorsement of the 737,” said Marty Bentrott, vice president, sales, Middle East, Russia and Central Asia, Boeing Commercial Airplanes. “We are delighted Sberbank has chosen the Next-Generation 737 and its market-leading performance, reliability and exceptional value for our customers.”

The Boeing 737-800 is one of the best-selling versions of the highly successful Next-Generation 737 family, the most technologically advanced airplanes in the single-aisle market. The Next-Generation 737’s market success has been confirmed by investors who consistently rank it as the most preferred single-aisle airplane due to its wide market base, superior performance efficiency and lowest operating costs in its class.

Sberbank of Russia is the largest bank in Russia and Commonwealth of Independent States. Sberbank Leasing, founded in 1993, is one of the leading leasing companies in Russia.

 




All of this week's top headlines to your email every Friday.


 
 

 
boeing-avianco

Boeing, Avianca celebrate delivery of airline’s first 787 Dreamliner

Boeing and Avianca have celebrated the delivery of the first 787 Dreamliner for the Latin American carrier, helping the airline stay at the forefront of technology in the region. “The addition of the first Boeing 787-8 to...
 
 
boeing-boc-737

Boeing, BOC Aviation finalize order for two additional 737-800s

Boeing and BOC Aviation have finalized an order for two additional 737-800s, valued at $186 million at current list prices. The order is a part of the Singapore-based leasing company’s effort to grow its portfolio of fuel...
 
 

Northrop Grumman names chief compliance officer

Northrop Grumman has named Carl Hahn vice president, chief compliance officer, effective Jan. 15, 2015. Hahn is succeeding Judy Perry Martinez, who will be retiring, and will report to Sheila C. Cheston, corporate vice president and general counsel. “Carl brings to his role at Northrop Grumman a tremendous breadth of experience in global compliance, investigations...
 

 

GPS modernization advances as eighth Boeing GPS IIF becomes sctive

EL SEGUNDO, Calif. ñ The eighth Boeing Global Positioning System IIF satellite has completed on-orbit checkout and joined the active 31-satellite constellation, helping the U.S. Air Force continue modernizing the network that millions of people worldwide use. The Air Force and Boeing have now put four GPS-IIF satellites into service this year, adding to the...
 
 
GPS-OCX

GPS III, OCX successfully demonstrate key satellite command, control capabilities

Lockheed Martin and Raytheon successfully completed the fourth of five planned launch and early orbit exercises to demonstrate new automation capabilities, information assurance and launch readiness of the worldís most powerfu...
 
 

Aerojet Rocketdyne successfully demonstrates 3D printed rocket propulsion system for satellites

Aerojet Rocketdyne has successfully completed a hot-fire test of its MPS-120 CubeSat High-Impulse Adaptable Modular Propulsion System. The MPS-120 is the first 3D-printed hydrazine integrated propulsion system and is designed to provide propulsion for CubeSats, enabling missions not previously available to these tiny satellites. The project was funded out of the NASA Office of Chief...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>