Russian government allocates $39 mln for Vostochny spaceport operationScience & Space August 18, 17:18
US sanctions will not affect construction of Turkish Stream, Akkuyu NPP — energy ministerBusiness & Economy August 18, 16:53
Turkey wants to use national currencies in trade with Russia — economy ministerBusiness & Economy August 18, 16:31
Police detain fourth suspect in Catalonia terror attacksWorld August 18, 16:05
Roscosmos denies cooperation with North Korea in missile technologiesScience & Space August 18, 15:59
Russia has no plans to attack NATO countries — diplomatWorld August 18, 15:38
Barcelona terror attack caused by illegal migration, Hungarian diplomat saysWorld August 18, 15:30
Russian, German top diplomats discuss North KoreaRussian Politics & Diplomacy August 18, 15:28
Spain hopes for cooperation with Russia in fighting terrorismWorld August 18, 14:50
MOSCOW, April 19. /TASS/. Russia’s Minister of Industry and Trade Denis Manturov confirmed the information that Airbus is not in talks on buying a stake in Russian Helicopters.
"No one has negotiated this with me, no proposals have been submitted either to Rostec, or to the ministry, regarding the stake in Russian Helicopters," Manturov told TASS Tuesday.
According to the minister, currently the cooperation with Airbus lies in another area.
"As of today the cooperation with Airbus lies in the field of aircraft parts production. Also, the issue of potential assembly of the smallest model of Airbus Helicopters on the plants of the Ural Works of Civil Aviation has been discussed," Manturov said.
"I assume we will make the choice [regarding the buyer] by the end of summer. I think mixed options [implying both Russian and foreign investors buying into the company] are possible, may be mixed, may be only Russian," he said, adding that the ministry is considering "various applications."
According to Manturov, it is early to give the names of the companies interested in buying the asset. "It’s inappropriate to give names ahead of time. I confirm there are both Russian and foreign among them. But we have a serious condition related to the fact that Russian Helicopters have the right for participating in international trade within the military technical cooperation regarding repairs and components supplies. The condition is that a 75% share has to be owned by either the state or the state corporation in case a foreign company (buys the stake)," he said, adding that local buyers could be offered a controlling stake in the company.
Last week Economic Development Minister Aleksey Ulyukayev said Airbus had shown interest in the purchase but it was yet to be confirmed.
The Russian Helicopters company is part of state hi-tech corporation Rostec.
Russian Helicopters is the sole Russian rotorcraft designer and manufacturer with the capability to design, manufacture, service and test modern civilian and military helicopters. The company includes design bureaus, helicopter assembly plants, components production, maintenance and repair enterprises, aircraft repair plants, and helicopter service companies providing after-sales support in Russia and abroad. The company accounts for about 35% and 50% of the global market of combat and medium military transport helicopters.