Azimut obtained additional funding from Russia's Sberbank in the amount of RUB 250 million, as well as a limit on bank guarantees in the amount of 980 million rubles.
Sberbank has opened an additional line of credit for 18 months. Funds be directed to the purchase of fuel, payment of airport charges and other costs. Additional working capital needs were a result of the growing number of destinations and flight hours, which will increase in 2018.
"The airline plans to expand its fleet by 2022 to 16 SSJ-100 LR. This will increase profits and strengthen the company's position in the market," said Sberbank.