Install

Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Tu-204 Looks for Bank




MOSCOW -- Russia's Vneshekonombank will probably succeed Inkombank as the financial operator for the production and delivery of new Tu-204-120 aircraft, airline officials said.


The state-owned bank would also handle the financial side of promoting the jet on international markets, said Ibrahim Kamel, president of Sirocco Airspace, which markets and delivers the Rolls Royce-powered aircraft.


Russia shut down Inkombank last month when it revoked the bank's license.


Vneshekonombank would be responsible for a 10-year manufacturing and delivery program worth an estimated $3.5 billion, Sirocco said.