Russian Helicopters could be partly privatized this year; an option to sell 25% stake to a strategic investor is being considered, Industry and Trade Minister Denis Manturov said Thursday.
"25%. It all depends on the situation, but we hope that it will happen this year," he said, answering a question about the possibility of privatization of the company.
Russian President Vladimir Putin said earlier at the annual press conference the government may privatize stakes in major state-owned companies in 2016.
Russian Helicopters ranks 23rd on the list of the world’s largest defense industry companies.
The Russian Helicopters holding outranked US Sikorsky Aircraft in revenues raised from supplies of defense industry products in 2014, according to a report by the Stockholm International Peace Research Institute (SIPRI).
According to SIPRI, in 2014, revenues of Russian Helicopters from sales of defense products stood at $ 3.89 bln (90% of total revenues), while Sikorsky raised $3.88 bln.
Total revenues of the Russian holding reached $4.3 bln, profit totaled $539 mln. In comparison with 2013, the revenues of Russian Helicopters from sales of defense products increased by $390 mln.
In 2014, the company employed 42,000 people.
Bristow Group Inc., in partnership with Electra, Avinor and the Norwegian Civil Aviation Authority (CAA Norway), will undertake a series of demonstration flights across five locations in Norway using...
AMAC Aerospace Group continues to experience strong business momentum, marked by new certifications, contract wins and rising demand across its maintenance, completion and aircraft modification activi...
Bombardier marked the 40th anniversary of its industry-leading Smart Services cost-per-flight-hour programs, which today support more than 1,500 enrolled aircraft and account for over 11 mil...
Few infrastructure projects have the potential to reshape an island's future quite like the ongoing transformation of Nevis Airport. To gain deeper insight into this ambitious development and the...
