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Overview

China Eximbank provides $15 million loan for MA-60 Aircraft Acquisition Project

Commitments (Constant USD, 2023)$17,047,457
Commitment Year•2011Country of Activity•TajikistanDirect Recipient Country of Incorporation•TajikistanSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2011
Last repayment (originally scheduled)
Dec 29, 2022

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

State-owned companies

  • Tajik Air

Implementing agencies

State-owned companies

  • Xi'an Aircraft Industry (Group) Co., Ltd. (XAC)

Loan description

China Eximbank provides $15 million loan for MA-60 Aircraft Acquisition Project

Interest type•UnknownMaturity•12 years

Narrative

Full Description

Project narrative

In 2011, China Eximbank and the Tajik Air — a Tajik state-owned airline — signed an $15 million loan agreement for the MA-60 Aircraft Acquisition Project. The loan carried a 12-year maturity. Its other borrowing terms are unknown. The borrower used the proceeds of the loan to purchase two MA-60 aircraft from Xi'an Aircraft Industrial Corporation. The MA60 is a turboprop-powered airliner with the capacity to transport 56 passengers. The two aircraft were expected to be used to operate flights on domestic routes as well as on the routes from Dushanbe to Mashhad (Iran), Bishkek (Kyrgyzstan) and Almaty (Kazakhstan). The first of the two landed at the Dushanbe airport on December 23, 2011 and the second one was expected to arrive in Tajikistan in spring 2012. However, in July 2012, Tajik Air temporarily suspended operation of the MA-60s after one of the aircraft crashed at Dushanbe airport and its landing gear seized during a technical inspection.

Staff comments

1. The Russian project title is Проект покупки самолета МА 60. 2. The Xian MA60 is a turboprop-powered airliner made by China's Xi'an Aircraft Industrial Corporation under the China Aviation Industry Corporation I (AVIC I). The MA60 is a stretched version of the Xian Y7-200A, which was produced based on Soviet aircraft Antonov An-24 to operate in rugged conditions with limited ground support and has short take-off and landing (STOL) capability. The airplane received its type certificate from the Civil Aviation Administration of China in June 2000. The first aircraft was delivered to Sichuan Airlines in August 2000.