The law on the transfer, expropriation or seizure of property under the legal regime of martial law or a state of emergency and the order of the Supreme Commander-in-Chief of the Armed Forces of Ukraine dated November 6 on the decision of the Staff of the Supreme Commander-in-Chief of the Armed Forces of Ukraine made … Read more
Zaporizhzhia enterprise Motor Sich will build a composite passenger helicopter from European materials, designed for 8 people. Viacheslav Bohuslaiev, President of Motor Sich JSC, said this during the “Big Construction: Aviation and Tourism” forum held at Boryspil Airport. “We’ve built a line of 60 helicopters a year. We make 20. Should there be orders, we’ll … Read more
The leading aviation companies of Ukraine and Turkey – Motor Sich and Baykar Makina – have signed a cooperation agreement. The signing ceremony took place during the Teknofest Aerospace and Technology Festival in Istanbul on September 24, according to Ukrinform. “Today is an important moment for our companies – Bayraktar and Motor Sich. As you … Read more
Director General of Motor Sich Vyacheslav Bohuslayev says that $100 million, which he borrowed, should be repaid to Chinese investors by 2026. “The ‘Chinese problem’ is on the Foreign Minister’s table. It is not my problem. I have one problem: to repay the debt. We got a $100 million loan from China and it needs … Read more
The Chinese Foreign Ministry states it has “taken note” of the statements of the Ukrainian authorities on returning Motor Sich to state ownership and demands that the interests of Chinese companies and investors be protected. Chinese Foreign Ministry spokeswoman Hua Chunying stated this, Ukrainska Pravda reports. “We’ve taken note of the statements (regarding the return … Read more
The National Security and Defense Council has decided to return Motor Sich to the Ukrainian state. Secretary of the National Security and Defense Council Oleksii Danilov stated this at a briefing following the meeting of the Security Council. “A proper decision has been made. According to this decision, Motor Sich will be returned to the … Read more
Skyrizon Aircraft Holdings Limited (the British Virgin Islands) of Chinese investors and MS-4 LLC (Kharkiv) of Ukrainian businessman Oleksandr Yaroslavsky, as the owners of more than 10% of the shares, convene an extraordinary meeting of PJSC Motor Sich (Zaporizhia) on January 31. According to the information disclosure system of the National Securities and Stock Market … Read more
Chinese investors of PJSC Motor Sich notified the government of Ukraine about sending an investment dispute to international arbitration in order to recover damages from Ukraine’s government, estimated by them at $3.5 billion, according to a release on the website of the Ukrainian DCH group of Oleksandr Yaroslavsky, partner of these investors in the development … Read more
Skyrizon, a subsidiary of Beijing Xinwei Technology Group, and DCH Group of Ukrainian businessman Oleksandr Yaroslavsky will soon submit an updated joint application to the Antimonopoly Committee of Ukraine (AMC) for the purchase of PJSC Motor Sich, Xinwei said in a statement on the Shanghai Stock Exchange. According to it, the AMC on August 20 … Read more
The Antimonopoly Committee of Ukraine (AMC) has begun consideration of cases on concentration in the deal on obtaining joint control over PJSC Motor Sich by Skyrizon Aircraft Holdings Limited (the British Virgin Islands) and Ukroboronprom state concern, the AMC said on its website. “These concentrations are the stages of a multi-stage transaction aimed at gaining … Read more