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    Russia's United Aircraft Building Corp. to be registered in Sept.

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    The United Aircraft Building Corporation (UABC) is likely to be registered by the end of September 2006, the head of the Russian Federal Industry Agency said Wednesday.

    TULA, September 20 (RIA Novosti) - The United Aircraft Building Corporation (UABC) is likely to be registered by the end of September 2006, the head of the Russian Federal Industry Agency said Wednesday.

    "I think the UABC will be registered before the end of September," Boris Alyoshin said.

    President Vladimir Putin signed a resolution February 21 on forming the UABC. The Kremlin said the purpose of the corporation will be to "to maintain the scientific-industrial potential of Russia's aircraft manufacturing complex, and to ensure the country's security and defense capabilities."

    In signing the resolution, the president approved a government proposal stipulating that the state would own at least 75% of the corporation's equity.

    The UABC will be a majority state-owned corporation, consolidating aircraft building companies and state assets engaged in the manufacture, design and sale of military, non-military, transport and unmanned aircraft.

    State-owned fighter jet producer MiG, as well as aviation companies Sukhoi, Tupolev, and Ilyushin will be integrated into the UABC.

    The corporation's assets are expected to be fully formed in the first quarter of 2007, and its shares will be issued on foreign markets in 2007-2008.

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