South West | Industry, manufacturing | Transport, logistics

Beriev and TAVIA to get $10m state support

6 Mar '09
Taganrog-based aircraft companies Beriev and TAVIA, both a part of state-run Untied Aircraft Corporation (UAC) are to receive a $10m state support, Kommersant reports.

The federal government is reportedly to give the two companies $3.3m to redeem tax and salary debts.

In a separate move, state-owned Vnesheconombank (VEB) is to loan the two companies a $6.7m loan secured against UAC guarantees.
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Tags: loan (790) / Beriev (4) / TAVIA (3) / VEB (141) / Vnesheconombank (139) / UAC (12) / United Aircraft Company (0) /

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