Motor Sich interested in joining Russian Engine-Building Corporation

Yesterday, Motor Sich (MSICH: BUY) General Director Vyacheslav Boguslayev reiterated the company’s willingness to join the Consolidated Engine-Building Corporation currently being created by the Russian government. Inna Perepelytsya: We assign a high probability to Motor Sich joining the Consolidated Engine-Building Corporation by the end of 2009, ahead of the corporation’s planned IPO in 2010 (announced last week). Inclusion of Motor Sich would increase the company’s opportunities to participate in new Russian projects (like Sukhoi’s Super Jet 100, Consolidated Engine-Building Corporation’s MS-21).