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Stadler adjusts contract with Aeroexpress

Stadler adjusts contract with AeroexpressAeroexpress and Stadler have announced the results of negotiations on the issue of the 24 double-decker multiple-units contact signed in 2013. According to the new agreement, Aeroexpress will receive nine 6-carriage and two 4-carriage KISS double-decker multiple-unit trains. Stadler also extended the repayment period and agreed to a grace period. The new financing plan was guaranteed by the Swiss Export Risk Insurance and Gazprombank.

The new rolling stock will enter operation in December 2016 on Paveletsky station — Domodedovo airport route. In 2017 double-deckers are also to start carrying passengers to Vnukovo airport.

In early 2013, Stadler won the contract to supply 24 double-decker multiple-units for the Russian rail company Aeroexpress. However, as a result of the oil and gas crisis as well as the sanctions against Russia and the subsequent decline of the rouble, the rail company began experiencing financial difficulties shortly thereafter. The total cost of the contract amounted to 183,9 million euros. Aeroexpress has already made payment of 67,2 million euros out of the company’s own finance. The remaining part of the contract cost will be settled by means of borrowed funds. The total volume of the credit provided by Gazprombank amounted to 11,1 billion rubles.

Stadler has already sold 5 of the remaining 13 4-carriage double-decker multiple-unit trains to Azerbaijan. On the previous day, the contract was signed in Georgia for the sale of four additional double-decker multiple-unit trains. Stadler hopes that Aeroexpress will put the four remaining trains into operation during the FIFA World Cup in Moscow to avoid bottlenecks.

The new double-decker trains are 3400 millimetres wide and 5240 millimetres high, and are designed for the weather conditions in Russia, where temperatures can range from –50°C to +40°C. The trains can reach maximum speeds of up to 160 km/h and feature a comfortable, welcoming interior design with two classes (Business and Economy). The carriages are made of aluminium, which makes them much lighter than traditional steel carriages. 

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