Bankruptcy proceedings of aircraft plant in Uzbekistan suspended
Tashkent, Uzbekistan, Nov. 21
By Demir Azizov - Trend:
At the end of the last week the Economic Court of the Uzbek capital of Tashkent decided to terminate the bankruptcy proceedings of the Tashkent Aviation Production Association named after V.Chkalov, a source in the association told Trend on Nov. 18.
According to the interlocutor, the court approved a peaceful agreement signed with creditors, and decided to terminate the bankruptcy proceedings and remove the external control.
It was previously reported that the bankruptcy procedure with regard to Tashkent Aviation Production Association was launched by the Economic Court of Tashkent in September 2010. The external management was introduced at the company in November of the same year.
Tashkent Aviation Production Association named after V.Chkalov was created on the basis of the Russian aircraft factory, evacuated to Uzbekistan in 1941 from the Russian city of Khimki (Moscow region). The enterprise produces different models of aircraft, wings and center section for AN-124 (Ruslan) and AN-225 (Mriya), as well as IL-76 and its numerous modifications.
In the past three years, some areas of the plant were handed over to the authorities of Tashkent city, as well as for car assembly production. The production of the building structures, household products, spare parts for the agriculture equipment was established at the remaining areas.