Boeing Looking To Get On Board An-124 Project – Motor Sich

According to Motor Sich (MSICH: BUY) CEO Vyacheslav Boguslayev, the US aircraft-maker Boeing is looking to invest in the mass production of the AN-124 Ruslan cargo plane. No exact details of Boeing’s intentions were given. After more than two years of negotiations, Motor Sich (MSICH: BUY) and Russia’s Volga-Dniper announced last month that they had agreed to form a joint venture to restart production of the AN-124 Ruslan aircraft, the world’s largest cargo plane. According to the terms of the agreement Volga-Dniper, a global leader in oversized cargo transportation, will control 59% of the JV, with the remaining 41% going to MSICH.  Motor Sich reportedly has signed an agreement Deutsche Bank for the placement of a 15% stake on the Frankfurt Stock Exchange. According to the news Motor Sich plans to place a 5% stake in 2H07 and an additional 10% stake later. Olha Pankiv: There has been no official confirmation of this interest by Boeing and this may be an attempt by Boguslayev to boost Motor Sich’s stock pre-IPO stock price. However, Boeing also reached an agreement with Volga-Dnepr under which the Russian carrier’s An-124-100s can be used to ferry parts for global 787 production and assembly network.