The Cabinet of Ministers of Ukraine has decided to transform Antonov and Plant 410 CA state-owned enterprises, which are part of Ukroboronprom state-owned defense giant, into joint stock companies.
The relevant resolution was adopted at a government meeting on May 11.
“This will improve the corporate management of enterprises, as well as attract investors,” said Deputy Minister of Economic Development and Trade Maksym Nefyodov, presenting the decision.
Antonov in 2016 increased its net profit 4-fold YoY, to UAH 178.1 million. State-owned Antonov is the manufacturer of cargo and passenger aircraft, as well as special purpose aircraft. Among the company’s most recognized projects are the An-32, An-148, An-158, An-74, An-124, An-70 and An-225. (UNIAN/Business World Magazine)