Wednesday, July 26, 2017

Antonov to be liquidated

On July 19, the Government of Ukraine passed resolution No. 546 on the liquidation of the state-owned aircraft holding Antonov. Interestingly, a year and a half ago the government already had a similar solution, but for some reason, it has not been possible to abolish the company for the time being.

According to the new resolution, a commission responsible for the liquidation of the company will be set up, it will be headed by Deputy Minister of Economic Development and Trade Yuriy Brovchenko. Within two months he must prepare the liquidation and accept claims from the creditors. 

In three months, Brovchenko must introduce the liquidation balance sheet to the Government.

In total, the commission will consist of 8 people, including the chairman.

The decision to dissolve Antonov should not affect the production processes in the industry, since it has been inactive as in March-April 2015 all its participants were incorporated into another state enterprise, Ukroboronprom.

Antonov holding was established in 2008 when it included the developer and manufacturer of Antonov aircraft, based in Kiev, the Kharkov State Aviation Production Company (KSAMC) and the Kiev Aircraft Repair Plant 410.

(AeroTime News)

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