By Jaroslaw Adamowski
May 5 – CSKA Moscow has signed a sponsorship deal with one of Russia’s leading aircraft manufacturers, Russian Helicopters.
“I’m persuaded that our cooperation will help the team and bolster the performance of Russian sportsmen,” said Alexander Mikheev, the Russian Helicopter’s chief executive.
“The support provided by the representatives of a major Russian industry is very important to us,” said Yevgeni Giner, CSKA’s owner and chief executive.
Mikheev said that Russian Helicopters are interested in maintaining good relations with Russia’s armed forces, which is another reason for supporting CSKA. The club used to be Army-run in the Soviet times.
The amount of the latest deal was not disclosed by the aircraft manufacturer. However, earlier this year, Russian Helicopters released its improved financial results for 2013. The company posted revenues of 138.3 billion rubles (€2.78 billion), up 10% from a year earlier, and a net profit of 9.5 billion rubles (€190 million), an increase of 1.3% compared with 2012.
With a significant rise in annual revenues, the aircraft manufacturer has said it is stepping up its efforts to increase company visibility and boost its corporate social responsibility initiatives.
Set up in 2007, the aircraft manufacturer is part of Russia’s state-run defense giant Rostec.
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