RUSSIAN PREMIER APPROVES NATIONAL AIRCRAFT BUILDING PROJECT

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MOSCOW, December 17 (RIA Novosti) - Russian Prime Minister Mikhail Fradkov has approved the Transportation Ministry's proposals to establish a national aircraft-building company, the federal industry agency's chief Boris Aleshin told reporters. The future consortium is to include such companies as Sukhoi, Mikoyan, Ilyushin, Irkut, Yakovlev and the whole of Tupolev. A managerial company is to be formed and its head to be appointed.

The company will actually deal with military and civil aircraft building, with defining a line-up and maintaining talks on government support. Under a plan of action to be compiled, the agency will create a working group, work out directions for companies to be involved in the consortium, pass over to stock-taking and asset appraisal and choose a form of the organization.

Arrangements for setting up a company were initially scheduled to be over in June 2005, but the plan has failed. "We will nevertheless be in a hurry and hope to accomplish the task rather soon, presumably this summer," said Mr. Aleshin.

The government is to consider the issue of company building only on the submission of a restructuring scheme by aircraft-building companies.

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