UAC consolidation to be finalized by end of 2019
The consolidation of the civilian division of the United Aircraft Corporation (UAC) on the basis of Sukhoi Civil Aircraft (SCA) is planned to be completed by the end of 2019, Russian Industry and Trade Minister Denis Manturov told reporters recently.
"We plan to complete consolidation before the end of 2019, it all depends on many factors. As for the base, we cannot talk about a single base. The entity will be based on the SCA using the production units of Irkut and those who participated in the development of the MC-21," he said.
The fact that UAC will unite with its civilian division into a single legal entity that will at the same time manage civil aviation products, in particular, the MC-21 and SSJ-100 programs, was previously reported by Russian newspaper Kommersant.
The amendments were legally formalized at a meeting of the boards of directors of the UAC, Irkut and the SCU, which was held on September 1.
In addition, the SCA will have a change in management – president Vladislav Masalov will be replaced by the head of Ilyushin Finance Alexander Rubtsov.