Four aircraft engine holdings to be created in Russia
 
Four state-controlled aircraft engine production holdings will be created in Russia,
Vladislav Putilin, first deputy chairman of the government's defense industry commission, told reporters on August 11, following a meeting with President Vladimir Putin on the development of the aircraft engine production industry.

One of the holdings will be created using the resources of state-owned aircraft engine producer Salyut, Putin said on August 11, adding that he had signed a decree to set up this holding.

The second holding will be created through the consolidation of St. Petersburg-based state-owned aircraft engine producer Klimov, the engine production assets of Russian Aircraft Corporation MiG and Moscow-based Chernyshyov Machine Building Plant, Putilin said.

The third holding will be established by consolidating the companies of the Samara aircraft building center - the Kuznetsov Plant, Metallist-Samara and Motorostroitel, Putilin said.

The fourth holding will be established by consolidating the government's stakes in aircraft building companies based in the cities of Perm, Rybinsk and Ufa, Putilin said. The government's stake in the fourth holding will be transferred to state-controlled helicopter producer Oboronprom, Putilin said. This proposal was approved by the president, he added.