The Russian aircraft industry went through another round of consolidation Oct. 25 as the country’s aircraft manufacturing conglomerate United Aircraft Corporation (UAC) fell under control of industrial giant Rostec. To move the deal forward, Russian President Vladimir Putin issued a bill Oct. 25 allowing transfer of the government’s 92.31% share to Rostec. The deal will close in 18 months. Rostec is a state-owned corporation governed by Putin associate Sergey Chemezov. Founded ...


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