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Russian leasing major opens Dubai subsidiary

GTLK Middle East will start with leasing aviation equipment

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State Transport Leasing Company (GTLK), the largest leasing company in Russia, has opened its new subsidiary for the Middle East region in Dubai, GTLK Middle East.

The company leases air, water, and rail transport, automotive and special equipment for domestic enterprises of the transport industry, as well as invests in the development of Russian transport infrastructure.

The sole shareholder of the company is the Russian Federation represented by the Ministry of Transport. From its new Dubai office, GTLK will start leasing aviation equipment to airlines of the Middle East and Africa region.

GTLK has a BB credit rating from three leading international rating agencies, as well as a national scale rating of A+(RU) from the ACRA agency. Its leasing portfolio exceeds USD 13.3 billion.

 

 

Source

Dubai FDI