Press Release

Issued by Russian United Business Aviation Association.

January 31, 2017

Rietumu Banka, one of the largest banks in the Baltics states, specialising in corporate banking and affluent individuals, has announced its sponsorship of the 'Wings of Business' Awards, Russia's national award in the field of business aviation.

Within a decade business aviation has worked its way up to become one of the strong industries in Russia. Rietumu Banka recognizes the potential of the market and is constantly expanding cooperation with business aviation companies in Russia, the Baltics and the CIS offering them comprehensive solutions, including financing the purchase of private jets for business and private use as well as clients' business jet lending.

“This year Rietumu marks 25 years of operations. Over this period we have achieved strong results and success. We are an international bank for business and individuals providing services in the field of transport lending, trading, financing of luxury assets like yachts, business jets and aircraft. Business aviation is a fast-growing industry and is in demand among our international customers who are conducting business in CIS countries, Europe, Russia and other regions of the world. Our decision to endorse the Russian United Business Aviation Association initiative to award the best business aviation projects and achievements of the companies in this segment is another step in the same direction the interests of our customers evolve”, said Vladimir Burhanov, head of transport financing division in Rietumu.

The official awarding ceremony will take place at the Moscow Golf Club on February 17, 2017. The ceremony hosts will be Russian's crowd-pullers Oksana Fyodorova and Dmitri Kharatyan. Special guest is Russian pop-singer Valery Syutkin who will make a performance for the guests of the gala-dinner. Dress-code is black tie. Guests will pass the ceremony only with a personal ticket that can be purchased online at http://www.wingsaward.ru/en.

The founder of the Wings of Business Award is the Russian United Business Aviation Association (RUBAA). The producer of the awarding ceremony is Bizav Systems Ltd. headed by Mikhail Titov.