Alexander Rubtsov, the general director at Ilyushin Finance Co.
Photo: Alexey Kudenko
| Other Photos |
 |
|
 |
Civil Projects Pulled Out Of United Aircraft Construction Corp
United Aircraft Construction Corp is willing to set up an asset management company to promote civil aviation projects. Alexander Rubtsov, today’s general director at Ilyushin Finance Co., will head the subsidiary that is to share responsibility with the corporation and enterprises for aircraft contracts that are often violated. But the company will have no access to the most promising projects of Russia’s aviation, Sukhoi Superjet and MS-21.
The BOD of United Aircraft Construction Corp meets February 12 to deliberate on creation of subsidiary to manage the projects of civil aircraft production and supplies. The corporation will own 100 percent in the new company dealing with “current projects for Il-96, Tu-204, An-148 and Il-114 aircraft," i.e. the projects implemented by Ilyushin Finance.
Alexey Fedorov, the president of United Aircraft Construction Corp, confirmed the intention to set up a new company but specified that its stock capital wouldn’t be significant. Today’s general director of Ilyushin Finance, Alexander Rubtsov, will take over the company and two-thirds of Ilyushin Finance employees will move there together with him.
In addition to sharing responsibility for the breach of the contracts, the subsidiary will emerge to divide leasing and management of the projects. Managers in United Aircraft Construction Corp said past year that it is likely to split off leasing firms in two or three years.
www.kommersant.com
All the Article in Russian as of Jan. 17, 2008
|
|
|
