Aviation: Russian banks help Cuban airline

Aviaimport (Cuba) has signed a loan agreement with three Russian banks for the purchase of two Russian IL-96-300 planes to be operated by Cuban airline Cubana de Aviacion.

Prensa Latina, quotes Hector Argiles, director of Development of the Cuban Aircraft Corporation, as saying, "The agreement constitutes the first loan to stimulate export operations of the Russian aircraft industry".

The three banks involved in the agreement are Eximbank, Niestorg Bank and Nieseconom Bank.