On January 14, Russia’s largest financial institution Sberbank provided finance for a Bombardier Global 5000 private jet and its two Rolls Royce engines. The aircraft was leased to Gloria Jeans Corporation, a large Moscow-based fashion retailer with stores across Russia, Ukraine, Kazakhstan and Belarus. The subsidiary of Sberbank that borrowed from its parent against the jet, leased it out and filed details of associated debt charges, SB Leasing Ireland, is based out of a suite of serviced offices in Maynooth, Co Kildare. Six weeks later, the financing arrangement for the Bombardier aircraft was among those caught up in a mass…
Cancel at any time. Are you already a member? Log in here.
Want to continue reading?
Join today and get full access to The Currency and The Wall Street Journal – TWO premium memberships for the price of one.