Russia’s UTAir Gets Loan from HSBC

 - October 4, 2012, 3:05 AM

Russian operator UTAir has secured a seven-year loan from British bank HSBC, on a security of French insurance agency Coface. It has thus become “the first Russian airline receiving insurance wrap from an international export agency for purchasing helicopters,” claims UTAir. The contract is for 19 Eurocopter AS350/AS355 Ecureuil/AStar singles.