In China, about Motor Sich: “We managed to seize the pearl of engine building from the USA and the Russian Federation”
The Chinese press published material stating that Tianjiao Aviation Industry Investment Co (Skyrizon Aircraft) and Xinwei Group (both China) receive a controlling stake in the Ukrainian manufacturer Motor Sich.
It is noted that the deal involves obtaining a stake at a price of about 250 million dollars. Chinese firms will “invest” these funds in the plant within two years.
Initially, Ukraine did not comment on these statements, which were published in the Chinese press. However, now in Ukroboronprom, the sale to the Chinese of more than 50% of Motor Sich shares has been confirmed. The corresponding statement was made by the head of Ukroboronprom Aivaras Abromavichus. Permission for the transaction was granted by the Ukrainian Antimonopoly Committee.
Recall that earlier the proposal to acquire Motor Sich came from the United States. At the same time, negotiations were ongoing between Ukraine and China - against the backdrop of US attempts to hinder the deal. This interpretation is published by the Chinese media. Russia also claimed for Motor Sich.
Now in China they are pleased to note that the deal has taken place and add: “We managed to seize the real pearl of the aircraft engine industry from Ukraine from the USA and Russia.”
It is noted that now in China "work on the creation of the engine of a transport aircraft Y-20 can significantly accelerate. We are talking about a plane that made its first flight in 2013. According to plans, 4 WS-18 engines should be installed on it. Also in China, they intend to create a new helicopter engine for their army aviation.
Information