Fighter plane maker MiG to become joint stock company soon -1

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Russian state-owned military aircraft building corporation MiG will become a joint stock company in the next few months, a top manager of the company said Wednesday.
(Recasts, adds additional information in paragraph 4-5)

MOSCOW, August 15 (RIA Novosti) - Russian state-owned military aircraft building corporation MiG will become a joint stock company in the next few months, a top manager of the company said Wednesday.

"There is a plan for converting MiG into a joint stock company. The company has finished evaluation of its assets," Sergei Tsivilev, MiG's first deputy director general, told a news conference in Moscow.

He said the company was awaiting a decision from the Federal Property Fund.

MiG has not formally joined the United Aircraft Building Corporation (UABC), formed last year from leading domestic plane producers, but will feature its aircraft together with the UABC at the MAKS-2007 air show outside Moscow on August 21-26, the manager said.

The company is best known for its MiG fighter jets, in particular the MiG-29 Fulcrum. At the Paris Air Show in June, the company announced plans to export 350 modernized MiG-29s at a total value of $10-12 billion.

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