The Ukrainian parliament has allowed enterprises in the aircraft manufacturing industry to establish joint ventures with foreign partners. The relevant draft law was approved by 241 votes on Thursday, 14 July.
The document stipulates that founders and/or shareholders of a joint venture cannot be foreign business entities that are located or operate on the territory of a state that the Ukrainian parliament has declared as an aggressor or invader and/or in relation to which sanctions have been imposed.
In addition, the document states that the provision of state support for sales of Ukrainian-made aircraft through partial compensation of interest payments on loans is to be extended until 2025.
According to forecasts, the adoption of this law will facilitate attraction of UAH 5-10 billion in investment into the industry and sales of aviation-industry products may increase by 20-25% by the year 2020.
As reported, Ukraine’s main aircraft designer and manufacturer, the Antonov state aircraft manufacturing enterprise (Kyiv), intends to establish a joint venture in Saudi Arabia for production of AN-132 aircraft. In addition, it may establish a joint venture in Azerbaijan for assembling the AN-178 aircraft and a joint venture in India, where Antonov is participating in a tender for supply of more than 200 transport aircraft to the Indian Ministry of Defense.a