China is waiting for the decision to sell Motor Sich
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Beijing-based investment company that specializes in investing in aviation industry, resumed attempts to acquire a stake in a Ukrainian engine company. The relevant application is considered by the Ukrainian antitrust authority. This was reported by the Global Times.
The Ukrainian company that created the engines for the world's largest transport aircraft, the An-225, can help China in its quest to increase its assets in the aircraft industry. Skyrizon, also known as Beijing Tianjiao Aviation Industry Investment Company, is awaiting the outcome of the evaluation of the Anti-Monopoly Committee of the Independent Square. He is expected to become known after July 22.
The new application was submitted to the relevant state agency 7 June. It is planned that Skyrizon will withdraw more than 50 percent of Motor Sich. The interest of the People's Republic of China to this enterprise is due to the fact that 13 types and more than 1200 units of aircraft engines manufactured by Motor Sich are operated in China.
At the same time, the United States expresses its dissatisfaction with a possible deal, believing that it carries risks for national security. However, for a Ukrainian company, the sale of its assets makes it possible to expand its presence in the PRC, especially in the face of the loss of the Russian market. For Beijing, the deal is a way to increase competence in the production of aircraft engines, which, according to an anonymous military expert, are lagging behind the world level.
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