Project Description
The proposed project will support the launch of the first low cost airline, Sky Express, in the Russian Federation, focusing on domestic services.
Transition Impact
The transition impact of the project will stem from:
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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.)
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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
The Client
SkyExpress is a start up airline and is expected to commence operations before the end of 2006.
EBRD Finance
Up to USD 20 million equity, alongside a range of private equity investors and local entrepreneurs.
Project Cost
Initial capitalisation of the airline will be USD 48 million.
Environmental Impact
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.
Technical Cooperation
None.
Company Contact
Marina Bukalova
Tel: + 7 903 676 09 16
Business opportunities
For business opportunities or procurement, contact the client company.
For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com
General enquiries
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com
Public Information Policy (PIP)
The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP
