16:03 13.11.2017

U.S. Oriole Capital Group to invest $150 mln in An-74 production at Kharkiv Aircraft Company

U.S. Oriole Capital Group to invest $150 mln in An-74 production at Kharkiv Aircraft Company

U.S. Oriole Capital Group will invest $150million in the development of production of multi-purpose An-74 transport aircraft with a maximum carrying capacity of 10 tonnes of various modifications at Kharkiv State Aircraft Manufacturing Company, part of Ukroboronprom Concern, the press service of the state concern has said.

The corresponding agreement between the American company and Ukroboronprom was achieved during the 15th international aerospace exhibition Dubai Air Show 2017, which takes place in Dubai (the UAE) on November 12-16.

The press service does not specify the status of the document signed by the parties.

According to the report, within the framework of the agreement, the plant will receive an order of $150 million for the production of An-74 modifications, while Oriole Capital Group will obtain the right to invest in the production, modernization and sales of these aircraft.

Oriole Capital Group LLC was established in June 2017. According to the company's website, its main specialization is investing and supporting innovative aviation projects all over the world.

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