Poroshenko has approved the debt restructuring of «Antonov»

The President of Ukraine Petro Poroshenko has signed the law on restructuring debts of the state enterprise «Antonov» (registration number of the bill – 5244).

This was reported on the website of the Parliament. It is noted that the 1701 act-VIII of 20.10.2016 returned with the signature of the President November 10.

As reported, on October 20 the Verkhovna Rada of Ukraine adopted the law on the restructuring of 10 years of the debt of the state aircraft holding company «Antonov» in the amount of 706 million UAH and cancellation penalties thereon in the amount of 565,8 million.

As noted in the explanatory note to the document, as of August 1, the amount of debt the state holding company «Antonov» to the budget of Ukraine is 706 million UAH, 565,8 million UAH is charged for late payments penalty. The bill proposes to restructure the amount of debt and eliminate it. As a result, debt in the amount of 706 million UAH will be paid to the state within 10 years, and the penalty will be charged.

The authors of the bill say that such a substantial debt «Antonov» has arisen after in 2009 it was attached «Kiev aviation plant «Aviant», which at the time had accounts payable in the amount of UAH 1.9 billion.

«According to the decree of the Cabinet of Ministers of 1 July 2009 No. 758-R and the order of the Ministry of industrial policy of 10 July 2009 No. 476, «Kias «Aviant» was reorganized by joining to the state enterprise «Antonov», which moved all of the obligations of state enterprise «Kias «Aviant», — stated in the explanatory Memorandum.

Antonov at his own expense repaid obligations «Kias «Aviant» for payment of arrears of wages, payments to the budget and trust funds, as well as part of debts to creditors.

Also to repay debt of the company in 2009 were issued government-guaranteed bonds. In 2011-2012, the payment of interest on the bonds was carried out mainly at the expense of the state budget and partly due to the working capital of the enterprise. In 2013-2014 in the absence of working capital Antonov was not able to pay interest and to repay the face value of the bonds in connection with which began to accumulate penalties.

SOE «Antonov» — the only Ukrainian manufacturer of transport, passenger aircraft and special purpose aircraft. Among the most recognizable developments of the company — aircraft an-32, An-148, An-158, An-74, An-124, an-70 and An-225.

Poroshenko has approved the debt restructuring of «Antonov» 11.11.2016

Ноябрь 11th, 2016 by
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