OREANDA-NEWS. On 20 August 2009 was announced, that Ukrainian and Russian Ministries of Defense signed a protocol about entering a changing in intergovernmental agreement about further cooperation in providing of joint serial production of An-70, the modern military cargo aircraft. According this protocol the serial production will start in 2011.

Millennium Capital reminds that Russia left the project in 2006 but did not make it officially. Ukraine did not have possibility to finish the work along and serial production was postponed on indefinite term. This decision will make it possible after all to start serial production of the aircraft which does not have analogs in the world and even now the customers have a huge demand for it. Millennium Capital expected this news in the line of good news for Motor Sich <  MSICH UZ BUY  > from “MAKC 2009” (Moscow Aerospace Show) because MSICH is only manufacturer of the engines for this aircraft for both Ukrainian and Russian producers.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of the major investment banking institutions.