Aircraft construction should symbolize revival of industry - Shmyhal

He said this at a meeting as part of his working visit to the Kharkiv region, where he got acquainted with the activities of Kharkiv State Aircraft Manufacturing Company, according to the government's website.

"Enterprises such as Kharkiv State Aircraft Manufacturing Company should be a symbol of the revival of our industry in Ukraine. Step by step, we will take measures to ensure that the company has prospects for development," Shmyhal said.

He added that following the meeting it was decided to set up a working group. "We have agreed to immediately set up a working group headed by Deputy Prime Minister and Minister for Strategic Industries [Oleh Urusky], which in the next two or three weeks will develop the necessary approaches to address problems faced by the aviation industry," Shmyhal said.

He stressed that the company had been facing problems for a long time: "That's why we came to find common solutions."

According to Shmyhal, together with the Ministry of Finance, a plan for the rehabilitation and development of the company will be approved, and it will allow the company to open orders, receive funds and spend them on the purchase of equipment and construction of new aircraft.

"The next stage is the development of an export promotion program. We discussed the legislative changes that need to be made, as well as the ways of financing the enterprise needs to operate. For example, we plan to order two planes next year so that the company could develop, pay taxes and provide jobs," he said.

Shmyhal also emphasized the importance of aviation companies for the Ukrainian economy. According to him, one job at the aircraft plant creates 50 jobs in related industries that provide equipment and services.

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