UAC President Yuri Slyusar explained that the board of directors gave the green light for a single legal entity back in 2016.
“For us, the year 2019 is the year when we switch to the format of a single company, a single corporate contour while the division will be in the format of a unit of the UAC single company,” UAC President Yuri Slyusar said at Paris Air Show responding to a question about establishing a combat aviation complex based on Sukhoi and MiG.
UAC President Yuri Slyusar explained that the board of directors gave the green light for a single legal entity back in 2016, “We are working on this and we are implementing a roadmap, which was approved by decision of the board of directors back at the end of 2016.”
However Russia’s Industry and Trade Minister Denis Manturov earlier said that both firms will still be operating under their own names.
Noteworthy MiG and Sukhoi are Russia’s major aircraft manufacturers: their combat aircraft are state-of-the-art weapons systems in the global market and form the backbone of the frontline aviation of Russia and tactical air forces of many other countries.