Business news from Ukraine


Motor Sich (Zaporizhia) will supply four D-436-148FM aircraft engines to Antonov state-owned enterprise and 14 helicopter engines to Turkish Aerospace Industries (TUSAS), the corresponding contracts were signed in June.
According to a report in the ProZorro system, the amount of the contract concluded on June 15 with Antonov State Enterprise is UAH 414.99 million (UAH 86.46 million per engine), while two engines, subject to timely advance payment, must be delivered on DDP terms until the end this year and two more – until the end of October next year.
According to the agreement signed with TUSAS on June 26, Motor Sich will supply engines for attacking heavy-class helicopters, the Turkish side said in a statement. According to the report, the delivery of the first two engines is expected in September 2022, and the first flight of these helicopters is scheduled for 2023. The entire contract is valid until 2025.
There is no information about the cost of the Turkish contract yet.
PJSC Motor Sich is one of the world’s largest manufacturers of engines for aviation equipment, as well as industrial gas turbine units. It supplies products to more than 100 countries around the world.

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Windrose to launch regular cargo flight between Kiev and Hong Kong

Windrose (Kyiv) from February 14, 2021 will open a regular cargo flight between Kyiv and Hong Kong.

According to the company’s press service on Tuesday, from February 14 to December 27, 2021, cargo flights on the Kyiv-Hong Kong-Kyiv route will be performed on Sundays from Kyiv to Hong Kong and on Mondays back.

“Windrose Airlines hopes that the opening of this program will help all market participants to accelerate the delivery of cargo both from Hong Kong to Kyiv and subsequently from Kyiv to Hong Kong,” the company said.

The flights will be operated by Airbus A330-200 P2F aircraft, which has been modified for cargo transportation.

As reported, in November 2020, Windrose signed a wet leasing contract for Airbus A330 aircraft to perform cargo flights from Kyiv to New York and Hong Kong.



The U.S. rocket and space technology developer Firefly Aerospace Inc., owned by Ukrainian businessman Maksym Polyakov plans to raise $350 million to scale up production and work on a medium-class launch vehicle – Firefly Beta.
Firefly Aerospace CEO Tom Markusic spoke about these plans during the IPO Edge webinar, the company’s press service said on Thursday.
“In the next five years we want to take Firefly from a $1 billion with Alpha to being on the order of a $10 billion company with a set of different launch vehicles,” Markusic said.
The company said $125 million of the funding would go toward production enhancements, such as facilities and tooling needed to ramp up launch vehicle production. The other $225 million would support growth initiatives, in particular a medium-class vehicle capable of placing 10 tonnes into orbit, about ten times more than the capacity of Alpha.
“Our development phase was $200 million, and that was funded by Maksym Polyakov and Noosphere Venture Partners […] Now we are considering expanding the list of investors in order to raise an additional $350 million, without impeding our ability or fundamentally changing our culture as a nimble, fast-moving space development company,” Markusic said.
He also confirmed plans for Alpha’s inaugural launch soon.
As reported, Firefly Aerospace has already performed checkouts of the Alpha launch vehicle.
As reported, Firefly Aerospace Inc. signed a Launch Services Agreement (LSA) with equipment and avionics company Adaptive Launch Solutions (ALS), which includes four launches of the Alpha rocket starting in 2021.
Ukraine’s Space Electric Thruster Systems (SETS) will provide its SPS-25 propulsion system for the inaugural launch of the Alpha rocket made by a rocket and space technology developer Firefly Aerospace Inc.

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Ukraine and Turkey decided to deepen partnership to create joint programs in the aerospace industry at a meeting between Deputy Prime Minister of Ukraine for Strategic Industries of Ukraine Oleh Urusky and an official delegation of the Republic of Turkey headed by President of the Turkish Space Agency Serdar Huseyin Yildirim, the press service of the Cabinet of Ministers of Ukraine reported on Friday.

“The Ukrainian and Turkish aerospace industries will deepen their cooperation in order to create joint programs in the aerospace industry,” the Cabinet of Ministers said in a statement on its website on Friday.

According to the report, the joint project will significantly deepen cooperation between Ukraine and Turkey in the aerospace industry, and is also the first step in the implementation of the agreements reached during the visit of the Ukrainian delegation to Turkey at the end of August.

The Turkish delegation has recently managed to get acquainted with the capabilities of the main enterprises of the State Space Agency of Ukraine and visited the Pivdenne (Yuzhnoye) Design Bureau and the Pivdenny (Yuzhny) Machine-Building Plant in Dnipro.

“During the meeting, which took place on September 16, the parties were able to discuss in detail the real ways of combining the efforts of Ukraine and Turkey in the development and serial production of space technology,” the government said.



Enterprises managed by the State Space Agency of Ukraine (SSAU) in January-September 2019 manufactured products worth over UAH 3.046 billion and sold products UAH 3 billion and almost UAH 370 million of net profit was earned, the press service of the agency has reported.
According to the information presented at the meeting of the Collegium of the SSAU, in January-September 2019, two Antares launch vehicles (LV) were launched (a joint project with the United States), two launches of Vega LV were made (a joint project with the EU), and a control system was delivered to support manned space flight missions to the Soyuz LV. The first stage of the Antares LV, which will be launched in the first quarter of 2020, was sent to the spaceport in the United States.
“Over the first nine months of this year, industry enterprises manufactured products worth more than UAH 3.046 million, sold products worth more than UAH 3 billion. Production volumes increased by 9.3%,” the SSAU said in the press release issued after the meeting.
In particular, state-owned enterprise (SOE) Pivdenne (Yuzhnoye) Design Bureau increased the volume of commodity production by 19.4%, SOE Arsenal plant by 29%, State Enterprise of Special Engineering Arsenal by 204.9%, and SOE Kyivprylad production association by 88.9%.
“Products worth UAH 2.43 billion were exported (20% more than in the corresponding period of 2018). The share of product exports of total sales is 78.8%. Import volumes amounted to 3.1% of exports. That is, the industry remains export-oriented. In January-September 2019, the enterprises received net profit of UAH 369.68 million. Their profitability was 12%. The nominal average monthly wage in the industry increased by 5.8% compared to the beginning of the year and amounted to UAH 9,296,” the SSAU said.
According to the press release, speaking to the participants of the meeting, acting SSAU Head Volodymyr Mikheev said that “in the third quarter, the industry worked in extreme conditions.”
“First of all, due to minimal financing, the lack of government procurement order for the production of space technology, the space program for 2020 that has not been approved so far. However, thanks to its powerful engineering and production potential and skillful marketing, the industry worked profitably using the production opportunities of non-space sphere,” the agency’s press service said, quoting Mikheev as saying.
“After discussing the issues on the agenda, the Collegium adopted a decision aimed at further improving the industry and successfully completing the tasks of 2019,” the press service said.