Govt approves provision of state guarantees on Aviakon's loan to upgrade Mi-8MT helicopter
Ukraine's government has approved the provision of state guarantees on a UAH 100,000 loan raised by Konotop's Aviakon Aircraft Repair Plant in Sumy region in 2017 for the overhaul, retrofitting and modernization of a Mi-8MT helicopter of the aviation unit of the State Service for Emergency Situations (SSES).
The respective decision is envisaged in Cabinet of Ministers resolution No. 978 of December 13.
In accordance with the document, state guarantees are provided to ensure the plant's debts in the amount of up to UAH 100,000 at 0.001% per annum. The details of the loan agreement are not specified.
According to the explanatory note to the document, the decision, which was adopted as part of the program for enhancing the state's defense capability and state security with regard to equipping the SSES with modern aircraft, is also aimed at increasing the effectiveness of response to emergency situations by air and updating the service's helicopter fleet.
Aviakon ensures major repair work, refitting and modernization of the Mi family of helicopters. In July 2016, the enterprise received a certificate of compliance with systems quality meeting NATO's AQAP 2120 standard.