Merger of Russia’s Civil Airframers First Step In Major Restructure

Airbus set a precedent earlier this year by merging its holding structure with its main operating business, the commercial aircraft unit. In turn, the now-vague future of defense orders and a growing number of commercial programs has motivated Russia’s major fixed-wing aircraft manufacturer—government-owned United Aircraft Corp. (UAC)—to radically change its organizational structure. Like Airbus, it is merging the parent with its main design and production assets to …

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