Antonov to become joint stock company

REUTERS

The relevant resolution was adopted at a government meeting on Thursday.

"This will improve the corporate management of enterprises, as well as attract investors," said Deputy Minister of Economic Development and Trade Maksym Nefyodov, presenting the decision.

Read alsoUkraine's An-132D performs maiden flight (Photo)As UNIAN reported, Antonov in 2016 increased its net profit by four times compared to 2015, to UAH 178.1 million.

UNIAN memo. State-owned Antonov is the manufacturer of cargo and passenger aircraft, as well as special purpose aircraft. Among the company's most recognized projects are the An-32, An-148, An-158, An-74, An-124, An-70 and An-225.