China re-applied to the Antimonopoly Committee of Ukraine (AMCU) for Motor Sich shares.
China-based Beijing Skyrizon Aviation made a bid for Motor Sich shares on September 23rd with the support of DCH Group, owned by Ukrainian businessman Oleksandr Yaroslavsky, the European Centre for Policy Analysis (CEPA) said in a report.
Skyrizon’s previous offers were rejected at AMCU, but CEPA reported that Ukraine is close to selling shares, taking into account China’s new offer and the economic benefits offered with it.
“Given the strategic importance of its relationship with the United States, as highlighted in Ukraine’s new National Security Strategy, Ukraine should reject Yaroslavsky and Skyrizon’s offer. Instead, Kyiv should look to other potential investors, including from India, the fastest-growing aerospace market in the world, and Turkey, where companies have already expressed interest in cooperating with Motor Sich,” stated in CEPA’s article.
Western media are sharing news that China will take the head of the helicopter market in 2045 with its expanding product range. It is underlined that China’s insistence on Motor Sich is not limited to meeting the needs of military equipment. Beijing sees Motor Sich as a potential engine manufacturer for technologies such as satellites and cruise missiles.