Project description
and objectives:
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The proposed project will support the launch of the first low cost airline,
Sky Express, in the Russian Federation, focusing on domestic services.
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Transition impact:
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The transition impact of the project will stem from:
-
Demonstration effect: this will be the first low cost airline in the Russian
Federation and new patterns in the air transport sector will thus be
introduced (e-tickets, innovative mode of distribution, new approach to
customer service, etc.)
-
Improved competitiveness in the air transportation sector: the introduction of
a low cost service will further push for consolidation and modernisation of
the airline industry.
-
Market expansion: the introduction of this service will drive the upgrading
and expansion of the air transport infrastructure to achieve the required
ground service efficiency
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The client:
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SkyExpress is a start up airline and is expected to commence operations
before the end of 2006.
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EBRD finance:
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Up to USD 20 million equity, alongside a range of private equity investors and
local entrepreneurs.
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Total project cost:
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Initial capitalisation of the airline will be USD 48 million.
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Environmental impact:
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The project was Screened C/1.The Company plans to implement the IOSA training
programme so as to meet air safety and industry standards required by IATA.
The Bank will require that the Company operates in compliance with Russian and
international aviation safety and environmental standards, including ICAO and
EU standards of civil aviation and aircraft safety, fuel consumption, engine
emissions and noise.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Marina Bukalova
Tel: + 7 903 676 09 16
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EBRD contact:
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Florence Bachelard-Bakal, Operation Leader: bachelaf@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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