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Novikombank to support Helicopter Service Company projects

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TSAMTO, October 20. Novikombank, the main bank of the Rostec State Corporation, has set a lending limit of 1.5 billion rubles to the Helicopter Service Company (JSC VSK), which provides modernization and maintenance of Russian helicopter equipment.

The funds will be provided to fulfill the company's obligations to customers, replenish working capital and purchase components.

The Helicopter Service Company of the Russian Helicopters Holding of Rostec State Corporation is engaged in the entire range of after-sales services for helicopter equipment manufactured by Russian enterprises: logistics, maintenance and repair, modernization of helicopter equipment, technical support, electronic operational documentation, as well as training of flight and engineering personnel. More than 250 companies are clients of VSK.

In particular, VSK provides information resources for the development of after-sales service for aircraft engines, provides customers with spare parts, repairs units, helicopters and comprehensive maintenance, including Ansat helicopters, which are used to perform sanitary tasks.

"The aviation cluster is one of the key activities of our shareholder Rostec State Corporation, therefore, lending to aircraft manufacturing enterprises and companies engaged in their maintenance and modernization is the leading direction in the bank's work. I am convinced that our cooperation with the Helicopter Service Company is another step on Russia's path to global technological leadership," commented Elena Georgieva, Chairman of the Management Board of Novikombank, curator of the Voronezh Regional branch of SOYUZMASH of Russia.

Russian Helicopters Holding is among the world leaders in the segment of medium-heavy, super-heavy and attack helicopters. Novikombank has been cooperating with the holding since 2011, providing settlement, credit, investment and financial services. In 2019, Russian Helicopters and the bank signed a strategic partnership agreement, according to which the bank will arrange financing for the creation and promotion of civilian helicopters. In particular, with the support of Novikombank, financing of such significant projects as the supply and maintenance of the operation of Ka-62, Ka-32, Ka-226, Ansat, Mi-171A2, Mi-171, Mi-38 helicopters and other civilian products is being organized.

The message is posted in the public domain on the Novikombank website.

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