RT Prime Minister Rustam Minnikhanov: “Gorbunov KAPO will join United Aircraft Corporation”

“Kazan Gorbunov Aircraft Production Association” JSC (KAPO) will join United Aircraft Corporation JSC (OAK). RT Prime Minister Rustam Minnikhanov informed about it at press conference in Kazan.

Press conference was held within the 4th international exhibition “Aerospace technologies and equipment Kazan-2008”.
According to RT Head today among all enterprises of aircraft complex “the most serious situation is at Gorbunov KAPO”. To solve the problem we need the support of federal Government and Tatarstan. Today it was decided that Gorbunov KAPO will join OAK”.

Also RT Cabinet, Gorbunov KAPO and United Aircraft Corporation JSC will sign the agreement about cooperation.

RT Prime Minister Rustam Minnikhanov called this document “fateful agreement that will allow enterprises to keep stability”.

As OAK President Aleksey Fedorov told journalists, “the agreement will not be just a simple declaration; it will be the plan of concrete actions and measures to be realized”. Particularly, OAK takes responsibility for finance improvement of enterprise. According to Aleksey Fedorov finance improvement of Gorbunov KAPO is “the most important and critical question for today”. Head of OAK is sure that all plans for re-equipment, staff recruitment, increase of enterprise potential, startup of new products are useless without it.

“Though Gorbunov KAPO is not officially the part of OAK, we understand that it’s the question of time”, - announced Aleksey Fedorov.

He also emphasized that Tatarstan took serious obligations and it’ll be difficult to do smth. without its assistance. Mr. Fedorov told that Tatarstan will assist in restructing of aircraft enterprise, increase of investment potential, provision of Gorbunov KAPO specialists with accommodation (within republic program of social mortgage).

“I hope that the signed agreement will be the real base for reconstruction of Gorbunov KAPO”, - said Aleksey Fedorov.