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15:30 | Sep 08 | 2014

"Yakutia"Airline: Prospects for Collaboration with Chinese Investment Fund "Yongjing"

As part of the Diamond week of Yakutia General Director of "Yakutia" Airline Olga Fedorova met with Deputy Director General of the Investment Fund " Yongjing " Liu Li (The People’s Republic of China) and representatives of the Investment Promotion Agency of the Republic of Sakha.

“The main topic of discussion was the prospects of cooperation between the two companies, as well as the fleet modernization, the air transportation development”, - reported the Company.

In connection with commencement of construction project of the "The Power of Siberia" pipeline, the Chinese party emphasized significant prospects for tourism in Yakutia and the need to open new flights from Yakutsk to Beijing, Shanghai and Guangzhou.

The issue of prospects of concluding contracts with Chinese leasing companies for the supply of three Boeing-737-800 with the financial support of the Investment Fund " Yongjing" up to $ 100 million was discussed in detail. It was agreed to send the investment memorandum of "Yakutia Airlines" to the Investment Fund " Yongjing " and to establish joint cooperation with the Bank of China and its subsidiary leasing company BOC Aviation.

The Investment Fund " Yongjing " (LLC "Industry on Investment Fund Management “Yongjing”) is a subsidiary of "YunNan Tin" Group of Companies, which owns the majority of tin production in China, one sixth of the world's production of tin, and included in the list of top 500 enterprises in the world.