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 RUSSIA IN FACTS
26 May 2004 15:09
EBRD MAY BUY PLANES FOR RUSSIAN AIRLINES
MOSCOW. May 26 (Interfax) - The European Bank for Reconstruction and Development board will on June 22 consider working with Raiffeisenbank and an unnamed airplane manufacturer to acquire $60 million worth of second hand foreign planes for Russian airlines, the EBRD said on its website. EBRD would provide up to $40 million to finance the project. Loans might go to regional airlines as well as major airlines.
[Interfax]
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