Boeing steps in to help the manufacturer of the world's biggest plane
Boeing stepped in to rescue the Ukrainian plane maker Antonov, known for producing the world's largest aircraft.
The firm had ceased production because of its heavy reliance on Russian imports, which had collapsed after Moscow's annexation of Crimea in 2014.
But, Boeing's parts, equipment and services unit, Aviall, is set to now provide the components and Antonov plans to build eight aircraft a year from the end of next year. The deal, which was signed at the Farnborough International Airshow, was confirmed to CNBC via email on Friday.
President of Antonov, Oleksandr Donets, told Reuters in an interview that the next step is to build a storage facility with Aviall.
https://www.msn.com/en-us/money/companies/boeing-steps-in-to-help-the-manufacturer-of-the-worlds-biggest-plane/ar-BBL8yyk?ocid=spartanntp
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