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Today is May 21, 2012 5:48 PM (GMT +0400) Moscow
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Russian President Vladimir Putin, center, and Ukrainian Prime Minister Viktor Yanukovich, right, attend MAKS-2007 International Aviation Show.
Photo: Dmitry Dukhanin
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Sep. 21, 2007
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Russia, Ukraine Consolidate Aircraft Construction
Ukraine’s Prime Minister Viktor Yanukovich and Russia’s President Vladimir Putin have preliminary discussed the potential consolidation of aircraft industry’s enterprises of both countries.
The possibility of consolidating aircraft industry’s enterprises has been morally agreed on, but the final decision will be taken by governments of both states after analyzing proposals of industry, said Oleg Shevchenko, who chairs the board at Aviation of Ukraine State-Run Aircraft Construction Consortium.

The need to consolidate enterprises will be clear to any leader of Ukrainian government, said Viktor Livanov, who is the board member at United Aircraft Construction Corporation. “Whatever the leadership in Ukraine, if authorities of the republic think that the aircraft industry of the country should be preserved, there is no other way out,” Livanov pointed out.

Soviet aircraft used to cover 27 percent of the global market of transport aviation, but “we have begun to lose it impetuously,” the official specified. “The competition should be not between Ukraine and Russia but with Boeing and Airbus,” Livanov said, adding that consolidation of two companies is to be carried out after the independent estimate of their assets.
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