Irkut Buys Yakovlev

gf0012-aust

Grumpy Old Man
Staff member
Verified Defense Pro
MOSCOW (Reuters) -- Warplane maker Irkut has bought 75.46 percent of aircraft designer Yakovlev for a little less than $70 million in a first step toward a consolidation of the sector, a source close to Irkut said Wednesday.

Irkut had said it intended to buy Yakovlev. It made the purchase using funds it raised last month in a $127 million share placement in Moscow, the source said.

Irkut became the country's first arms firm to make a public share offering last month when it listed more than 20 percent of its shares on local exchanges, valuing the company at $545 million.


(Moscow Times)

There goes Mikoyans opportunity to build a lightweight fighter with Yakovlev.. It also means that the proposed merger of all of the FSU's principle combat aircraft manufacturers must be on a slow stall..
 

umair

Peace Enforcer
Mikoyan Guerivich beauru, in my opinion, generally came up with better designed aircraft than Sukhoi.But since Sukhoi even in the soviet days enjoyed more political clout it's designs were preffered.
Well we can most likely say adieu to any future (beautiful) fighter designs by Mig. :cry (it was one of my favourites)
 
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