On September 1 meetings of Boards of Directors of UAC, Irkut Corporation and Sukhoi Civil Aircraft were held. A number of decisions of these governing bodies give a start to transformation of UAC, Irkut Corporation and Sukhoi Civil Aircraft into a new Corporate center of a single united company with functions of a Civil Aviation Division on the basis of Irkut Corporation. This is an important step within the corporate transformation program to form a single company in accordance with previous decisions of the UAC’s Board of Directors from December 2016.
Commercial Aircraft Corporation of China, Ltd (COMAC) and United Aircraft Corporation of Russia (UAC)held an establishment ceremony for the Long Range WideBody Commercial Aircraft Program joint venture—name as China-Russia Commercial Aircraft International Co., Ltd. (CRAIC) on May 22nd, 2017. The main responsibility of CRAIC is to develop a new generation long range wide body commercial aircraft and take charge of its commercial operation. Chairman of COMAC Mr. Jin Zhuanglong, President of COMAC Mr. He Dongfeng, President of UAC Mr. Yury Slyusar, the vice president of UAC Mr. Vladislav E. Masalov attended the ceremony.