The proposed project will support the launch of the first low cost airline, Sky Express, in the Russian Federation, focusing on domestic services.
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
SkyExpress is a start up airline and is expected to commence operations before the end of 2006.
Up to USD 20 million equity, alongside a range of private equity investors and local entrepreneurs.
Initial capitalisation of the airline will be USD 48 million.
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.
Tel: + 7 903 676 09 16
For business opportunities or procurement, contact the client company.
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Tel: +44 20 7338 7168
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