«Ukroboronprom» argue that American investment company was created specifically for «the Kharkov contract»

American company Oriole Capital Group established for the implementation of specific cooperation project with the Kharkov state aircraft manufacturing company (KSAMC), its objective is the accumulation of resources from various investors, funds and General management. This is stated in comments on the website of the state concern «Ukroboronprom».

The group reacted to the publication editor-in-chief «Censor.NO» Yury Butusov reported that the Internet has no information about the firm with which «Ukroboronprom» entered into an agreement to attract $150 million for the production of An-74 and its modifications in Kharkov.

Stresses that the creation of such SPV (special purpose vehicle or project company) is a worldwide practice.

«Oriole Capital Group was established after an open competition to attract investors, technical and legal audit of KSAMC, was the result of eighteen months of negotiations. The founders Oriole Capital Group is a U.S. citizen Hossein, Mousavi, who has experience in managing companies and solutions in the field of aviation and telecommunications, and Nabil Barakat, the owner of the company Wamar Inc., which develops projects in the security sector and defense, including aviation, in the United States and the Middle East since 1983», – reported in «Ukroboronprom».

The project team involved specialists «with experience at Boeing, Hawker Beechcraft, Douglas Macdonald (obviously, the authors of the release referring to McDonnell Douglas. – «GORDON») and other aviation corporations,» reads the site of the concern.

«Ukroboronprom» holds «resuscitation» on KSAMC, which has accumulated large losses and have not released any aircraft over the last five years. The company is in a bankruptcy procedure with debts of over 3 billion, and given the status of the enterprises not subject to privatization, alienation of assets is prohibited by law and impossible. The implementation of the agreement is one of the real ways to save the company», – stressed in the state.




«Ukroboronprom» argue that American investment company was created specifically for «the Kharkov contract» 15.11.2017

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Ноябрь 15th, 2017 by
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