26011
Ukraine Ends Aircraft Coop. With Russia
World Economy

Ukraine Ends Aircraft Coop. With Russia

Kiev has forced Ukrainian plane maker Antonov to sever its contract with Russia’s United Aircraft Corporation, RT reported. This decision is likely linked with Kiev’s move to include Antonov as part of Ukroboronprom, a state-owned strategic conglomerate. In October 2010, Antonov and UAC signed a deal to form a joint company. The firms agreed to cooperate in marketing, sales, design and production of military, civilian and cargo aircraft as well as modifying new Antonov airplanes. In July, the Russian Aviakor plane factory suspended manufacturing of the An-140 civil aircraft due to a shortage of parts from Antonov. The decision came after what UAC says are Antonov’s failures to fulfill its contract obligations.

 

Short URL : https://goo.gl/4B5ZOn
  1. https://goo.gl/uaKO4E
  • https://goo.gl/iB8xcT
  • https://goo.gl/z80e8y
  • https://goo.gl/58hjez
  • https://goo.gl/f5H3U3

You can also read ...

US Economy Back on Top of World Competitiveness Ranking
Marking its 30th edition this year, the IMD World...
China Debt Crackdown Leaves Institutions Short of Cash
China is cutting off funds to financial companies and banks...
Some 96% believe that bribery and corruption was an important issue to tackle.
Almost one out of two large global companies experienced some...
Deutsche Bank Will Cut 7,000 Jobs
Deutsche Bank said on Thursday it will reduce global staff...
Taiwan Growth Forecast Upgraded to 2.6%
The directorate general of budget, accounting and statistics...
Turkey Raises Rates Sharply to Prop Up Lira
Turkish President Recep Tayyip Erdogan is facing a potentially...
Two Oman Banks Discuss Merger
Oman Arab Bank has initiated merger talks with fellow Muscat-...
MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat.
Market sentiment was a little shaky on Friday with Asian...

Trending

Googleplus