CONTENT PREVIEW
Industry

Motor Sich sale to PRC moving forward despite opposition from Ukraine, US governments

24 December 2019
Follow

Despite pressure from both the Ukrainian and US governments, the sale of the Zaporizhia, Ukraine-based aeroengine production association Motor Sich to China continues to move forward. The latest statements came on 13 December during a press tour of the company’s production facility given by the company’s president, Vyacheslav Boguslayev.

In support of the sale, the Ukrainian aerospace executive repeated an argument he has put forth in one form or another for months. Given current conditions with Ukraine’s modest defence outlays and the embargo on any exports to Russia, the only two choices for the company are to either sell out to a Chinese investor or be faced with furloughing large numbers of its workforce.

Want to read more? For analysis on this article and access to Jane’s unrivalled data and insight, learn more about our subscription options at janes.com/products





(139 of 800 words)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT