Airbus eyes up Russian Helicopters

Russian HelicoptersThe Russian government may sell a controlling stake in  Russian Helicopters to Airbus as part of its privatisation programme, the country’s Economic Development Minister Alexei Ulyukayev told reporters after a meeting with representatives of the French business community, claiming that that the Toulouse-based aircraft manufacturer had expressed a firm interest in the idea. Last month, Industry and Trade Minister Denis Manturov indicated that the Russian government expected Russian Helicopters to be sold by the end of the year. 
Russian Helicopters is part of Rostec, the state-run concern established in late 2007 to promote the development, production and export of hi-tech industrial products for the civil and defence sectors. The helicopter company is the sole Russian rotorcraft designer and manufacturer with the capability to design, manufacture, service and test modern civilian and military helicopters. It commands between 35% and 50% of the global market for combat and medium military transport helicopters, and its assets include design bureaus, helicopter assembly plants, components production, maintenance and repair enterprises, aircraft repair plants, and helicopter service companies providing after-sales support in Russia and abroad. 
Rostec is also planning to sell stakes in electronics specialists KRET and Schwabe, manufacturers of electro-optical products.

Source: ITAR-TASS