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.
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