October 30, 2020 No Comments

Motor Sich Under Scanner For Alleged Chinese Investment, In Line To Get IAF Contract

As Ukraine-based JSC Motor Sich competed with JSC Russian helicopters to obtain a contract for the overhauling VK-2500-3 engine of the Indian Air Force’s Mi-17 V5 helicopters, it was under investigation for major Chinese investments. Is facing It has been alleged that Beijing’s Skyzone Aviation holds about 80 percent of the motor stitch through several foreign companies and small shareholders. Motor Sich faces inquiries from various agencies back home. Security services in Ukraine are said to have alleged that the purchase of the company’s stock by SkyRizon Aviation is an attempt to take its assets out of their country. In

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