Ukrainian plane maker allowed to branch out abroad
Ukraine will be able to build cooperation with Saudi Arabia and India.
The Ukrainian parliament has allowed state-owned aircraft building companies to set up plants abroad.
Bill No 4809 was approved by 241 MPs.
The explanatory note says the bill was prompted by the demands of the state-owned company Antonov’s partners. For instance, Taqnia Aeronautics wanted to build an aircraft construction facility to manufacture An-132 in its home country, Saudi Arabia. Also, to take part in an Indian tender to design a regional plane, Antonov has to propose its partner Hindustan Aeronautics Limited (HAL) to establish a joint venture.
The bill allows companies delivering on Ukraine’s international commitments under aviation contracts are allowed to found or participate in economic entities, including with participation of foreign companies. Cooperation with companies located or operating on the territory of an aggressor and occupying state or a state under sanctions is banned.
Earlier, the Ukrainian defence concern Ukroboronprom established an aircraft construction corporation on the basis of Antonov.