Russian state-run aviation conglomerate United Aircraft Corporation (UAC) has filed a lawsuit with the Moscow Arbitration Court against Ukraine’s Antonov State Company, according to the data of the arbitration cases register, RIA Novosti reported.
The lawsuit was filed on May 23, has not been accepted for hearing yet, and no further details have been provided. A source in UAC’s press service told Russian media that the lawsuit is aimed at the liquidation of the two companies’ joint venture, UAC-Antonov.
“Representatives of the Ukrainian side have long failed to participate in the activities of the joint venture UAC-Antonov set up more than ten years ago. The JV is not conducting any projects. Consequently, a decision has been taken to stop operations and liquidate the enterprise. That is the motive of the lawsuit,” the source in UAC’s press service told TASS.
UAC is a Russian holding comprising 24 main companies of the local aircraft industry complex and 15 aircraft repair plants. It is one of Russia’s strategic enterprises.
Antonov, headquartered in Kiev, is involved in development, production and maintenance of An- series aircraft. The company’s particular expertise is in the fields of very large aeroplanes and aeroplanes using unprepared runways. Antonov has built a total of approximately 22,000 aircraft, and thousands of its planes are currently operating in the former Soviet Union and in developing countries.