Russia’s United Aircraft Corp. (UAC) will need a RUB300 billion ($4.8 billion) capital injection “to complete the financial restructuring,” Rostec Corp. CEO Sergey Chemezov said in a meeting with Russian President Vladimir Putin July 22. “First of all, this sum is needed to implement the MC-21 programs and other civilian projects … We have inherited numerous loans from the 1990s and the early 2000s. Of course, we are ...

Subscribe to Access this Entire Article

"United Aircraft Corp. needs $4.8 billion capital injection" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.