Antonov State Enterprise has said denied media reports alleging that five Indian Air Force An-32 aircraft which were being modernized as a part of Ukrainian-Indian military cooperation at the 410 Civil Aviation Plant in Ukraine have disappeared due to the ongoing conflict.

According to a received by Interfax-Ukraine on Tuesday, Antonov said that the allegations are untrue.

The state enterprise said that the executor of the contract, worth around $400 million, on the modernization of 105 An-32 light transport aircraft, which was signed in 2009 by the Indian Defense Ministry and Spectehnoexport, is 410 Civil Aviation Plant.

"Under the agreement, 40 aircraft are being modernized at 410 Civil Aviation Plant and 65 – in India, at a plant in Kanpur. At present, 35 aircraft has been finished and transferred to the Indian Air Force. The other five aircraft remain in the workshops of 410 Civil Aviation Plant," the company said.

410 Civil Aviation Plant, jointly with Antonov State Enterprise, is part of Antonov State Aviation Concern.

Recently, U.S. Defense News, referring to an official representative of Indian Air Force, reported that the conflict in Ukraine has stymied the upgrade of the An-32 aircraft. Retired Air Force Wing Commander Bhim Singh said that the last five of the An-32 aircraft being upgraded in Ukraine have become "untraceable," and the local upgrade of the remaining 64 An-32s has halted as Ukraine engineers departed and supplies stopped.