UAC setting up commercial aviation division
MOSCOW. Feb 19 (Interfax) - Russia's United Aircraft Corporation (UAC) is finalizing the establishment of a Commercial Aviation Division, the company said.
UAC is carrying out the "corporate and business processes" to establish the division, the company said, recalling that in line with the decision of the company's board of directors Sukhoi Civil Aircraft and UAC-Aggregation Center will become branches of Irkut Corporation. "As part of the Division, branches retain core competencies in the development and production of aircraft," UAC said.
"Measures to resolve existing intra-group obligations and accomplishing of the formation of the share capital structure will be implemented during 2020," UAC said.
The consolidation of the main research and production capacities of the civil aircraft industry will allow more efficient implementation of existing programs and development of promising projects, the company said.
The Division's main efforts in the near future will be focused, first of all, on the completion of MC-21-300 tests and rolling out serial production of this airliner, the modernization of the Superjet 100 and its business version, and the creation of a unified system of MRO and marketing, UAC said.
UAC plans "to achieve significant progress in the field of after-sales support service, optimize operational processes and, ultimately, significantly increase the attractiveness of Russian commercial aircraft in the market," the press release said.
It was reported on Tuesday that Sukhoi Civil Aircraft Company (SCAC) has ceased operations as an independent legal entity, as shown by data from the SPARK-Interfax. The entry in the Unified State Register of Legal Entities on the company's reorganization was made on February 17.