Business news from Ukraine

Business news from Ukraine

ANTONOV, U.S. AVIALL PLAN TO COMPLETE OF DESIGNING OF COOPERATION SCHEME STEP BY STEP

Antonov State Enterprise (Kyiv), part of the Ukroboronprom State Concern, and division of U.S. Boeing – Aviall Services, Inc., which reached an agreement on partnership under the program to manufacture modernized Ukrainian next generation regional jets An-148/158/178 at Farnborough 2018 in London in July, plan to complete the designing of a cooperation scheme step by step during the implementation of the general agreement on cooperation.
Commenting at the request of Interfax-Ukraine on the plans Antonov State Enterprise announced in Western media to resume mass production of the planes with the assistance of Boeing already by the end of 2019, the company’s press service said: “The general agreement signed at Farnborough 2018 with Aviall does not have the terms of the start of the mass production of the aircraft with participation of the U.S. company, since the U.S. company is not involved directly in the production process.”
“The signed agreement is the basic one, and fixes agreements on the organization of work with Aviall Services, Inc., which will ensure the procurement and supply of the Antonov state enterprise with a wide range of components for the mass production of new aircraft,” the press service said.
“The document also includes the plans of the parties for the creation of a licensed warehouse by the Antonov state enterprise in its territory, where Aviall will supply the components. The products supplied by the U.S. company will be paid by Antonov State Enterprise as far as the chain of purchases for filling the warehouse is secured. As the media mistakenly interpreted, there is also no provision in the signed general agreement that Boeing participates in the creation of the warehouse,” the press service said.
The press service of Antonov State Enterprise reported that the creation of a scheme for prospective cooperation with Aviall Services Inc. was not completed at this stage: “Details of this process will be specified at each stage of cooperation,” the official representative of the enterprise said.
“Details of the prospective partnership between Antonov State Enterprise and the Boeing division under the program, which has the conventional name An-1X8 NEXT in the signed general agreement, can be announced after the signing of the contracts for the supply of components and the transition to the practical phase of cooperation under the project,” the press service said.

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ANTONOV STATE ENTERPRISE TO EXHIBIT NEW MEDIUM-HAUL AIRCRAFTS AT EURASIA 2018 AIRSHOW IN TURKEY

The Antonov State Enterprise (Kyiv) will exhibit new medium-haul transport An-77 and An-178 aircraft at the Eurasia 2018 Airshow to be held on April 25 through April 29 in Antalya (Turkey). The press service of the enterprise told Interfax-Ukraine on Tuesday that the new Ukrainian transport aircraft arrived to Turkey on April 22 will take part in the flight show of the exhibition and will be presented to potential customers at a stand.
The press service said that Antonov plans to hold a series of meetings and negotiations with representatives of government agencies, industrial enterprises and air carriers of Turkey and other countries to discuss areas of cooperation in the medium-haul transport programs for An-178, the family of regional passenger new generation An-148/ n-158, An-77 transport aircraft with short take-off and landing and unmanned aerial systems. “All these programs are planned to develop and implement within broad international cooperation,” the enterprise said.
The new An-178 aircraft is created to replace An-12 planes and is designed for the effective fulfillment of its tasks as a transport aircraft, including logistics and transportation of equipment. Some experts say the An-178 aircraft can serve as a modern replacement of the C-160. The aircraft has a modified form of fuselage, a ramp for loading and unloading of bulky cargo and can lift up to 18 tons of cargo, including heavy maritime containers. The industrial cooperation program for the An-178 involves about 200 companies from fifteen countries. The Antonov Enterprise is promoting the aircraft in the Middle East and Central Asia. The United Arab Emirates, China and Azerbaijan expressed interest in the new Ukrainian transport aircraft.
According to the sources of Interfax-Ukraine in the industry, currently the Antonov State Enterprise is also negotiating with the European NATO countries on the joint development of the An-178 program. The new medium-haul military transport An-77 aircraft is a modification of the military transport An-70 aircraft with short take-off and landing with a maximum carrying capacity of 47 tonnes.

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ANTONOV STATE ENTERPRISE HAS 85% RISE IN NET PROFIT IN 2017

Antonov State Enterprise (Kyiv) saw a 85.43% rise in net profit in 2017 under Ukrainian accounting standards, to UAH 330.22 million.
According to a financial report for 2017 posted on the company’s website, net revenue grew by 66.4%, to UAH 6.052 billion.
Antonov is the leading Ukrainian developer and manufacturer of aircraft, a recognized world leader in the niche of transport aircraft. The enterprise cooperates with more than 75 countries. By the decision of the government, the enterprise has been part of the Ukroboronprom State Concern since April 2015.
According to the enterprise, in 2016, its net profit under Ukrainian accounting standards grew 4.1-fold, to UAH 178.1 million and net revenue fell by 0.16%, to UAH 3.64 billion.