KHARKOV, Ukraine. The American company Oriole Capital Group will invest $ 150 million into the ageing Kharkov State Aviation Production Enterprise.
It is reported that the company will then receive an order for the production of a series of aircraft.
“We are talking about mass production at the capacity of the Kharkov State Aviation Production Enterprise. This will be the An-74 in various modifications. In turn, Oriole Capital Group will receive the right to invest in the production, modernization and sale of these aircraft, “- it said in a company statement.
As part of the investment, it is planned to modernize the existing production, fully involve all 3,000 Kharkov enterprise specialists, as well as the aircraft and avionics modernization program, which will help increase the unique operational capabilities of the An-74 aircraft.
In addition, the plant will receive orders for the manufacture of spare parts for aircraft, maintenance and the training of pilots.