AEROFLOT increases the limit on SDM-Bank guarantees
SDM-Bank continues to expand the range of services provided to travel agencies distributing airline tickets.
In 2010 OJSC AEROFLOT decided to include SDM-Bank in the register of banks, which guarantees are accepted by the carrier when operating with the intermediaries selling its air passenger and cargo services. For SDM-Bank customers that sell AEROFLOT tickets this is a way to avoid advance payments for e-sales, which helps to reduce costs and speed up the process.
Starting from 2014, the annual limit for SDM-Bank guarantees in favor of AEROFLOT is set at USD 2 628 thousand. Limit revision will be performed on the quarterly basis.