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Industry

UkrOboronProm seeking aircraft production partner

10 July 2018

Ukrainian industrial group UkrOboronProm (UOP) is calling for a partner to team with aircraft manufacturer Kharkov State Aircraft Manufacturing Company (KSAMC) to help fund production of the Antonov An-74 transport.

Under the terms of the proposed teaming, KSAMC will produce the aircraft in return for the partner repaying existing debts on wages, providing debt restructuring for the Ukrainian company, funding an upgrade to the production facilities, and possibly providing financing for an upgrade to the aircraft.

The partner will, in turn, have the right to sell the aircraft, with KSAMC guaranteeing that it will produce a to-be-determined number of An-74s per year, while UOP will support the manufacturer and the partner in this, ensuring that the agreed output is delivered.

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