Kiev - Ukrainian aircraft manufacturer Antonov plans to restart serial production by the end of next year. The company depends on a deal with American aerospace giant Boeing that will terminate its dependency on Russia for aircraft parts.
Antonov was established in 1946 during the Soviet era and has produced thirty different aircraft model including the world's biggest cargo plane An-225 Mriya.
Diplomatic and economic ties between Ukraine and Russia were ceased after the annexation of Crimea in 2014 by Russian Federation. Two years after the crisis, Antonov halted serial production due to its dependence on Russia for 60 percent of plane parts needed for production.
Antonov's customers were used to be Russia, the former Soviet republics, and African countries.
The Boeing subsidiary Aviall and Antonov will set up warehouse facilities in Ukraine by the end of this year. Aviall provides aftermarket parts, equipment, and services for the aviation industry. Boeing acquired Aviall in 2006.
Aviall will supply components for Antonov's new generation regional planes An-148/158/178 and in exchange will have exclusive rights to help service the planes.
Antonov also wants Boeing subsidiary to procure equipment and material for Antonov to produce more parts domestically.
The deal was signed between Aviall and Antonov at the Farnborough International Airshow last week.