Bloomberg News

Ukraine, Kazakhstan Form Venture to Make Antonov Aircraft

November 24, 2011

Nov. 24 (Bloomberg) -- Ukrainian and Kazakh companies agreed to form a venture for joint production of regional passenger aircraft to benefit from increased air travel in the two former Soviet republics.

The Eurasian Development Bank, a lender set up by the governments of Russia and Kazakhstan, may fund the $150 million project, said Vladimir Kuropatenko, general director of AeroKZ, the Kazakh half of the partnership.

AeroKZ and Antonov, the Ukrainian partner, plan to make as many as 20 52-seat Antonov An-140-100 planes a year at a plant near the Kazakh commercial center Almaty, Kuropatenko said at a conference in Astana. The companies expect to produce the first three airplanes next year, he said.

--Editors: Brad Cook, Paul Abelsky

To contact the reporter on this story: Svetlana Antoncheva in Belgrade at santoncheva1@bloomberg.net

To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net


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