As Ukraine-based JSC Motor Sich competed with JSC Russian helicopters to obtain a contract for the overhauling VK-2500-3 engine of the Indian Air Force’s Mi-17 V5 helicopters, it was under investigation for major Chinese investments. Is facing It has been alleged that Beijing’s Skyzone Aviation holds about 80 percent of the motor stitch through several foreign companies and small shareholders.
Motor Sich faces inquiries from various agencies back home. Security services in Ukraine are said to have alleged that the purchase of the company’s stock by SkyRizon Aviation is an attempt to take its assets out of their country.
In its defense, Motor Sich states that “there was no direct financing or purchase of shares or joint ventures by China” and took a loan from SkyRizon at interest, which it would have to repay with interest by 2026. Last month, JSC Russian Manicopers and Motor Sich entered into competition with each other to get an overhauling deal from the IAF. The bid was issued on August 10, 2020. Both companies participated in the bid opening at the Air Force headquarters in New Delhi on 22 September 2020.
JSC Russian Helicopters Claims JSC Russian Helicopters participated in the opening of bids under the JSC UEC (United Engine Corporation) Klimov issued designer / OEM certificate. It was found that Motor Stitch also participated in the bid. JSC Russian helicopters subsequently informed the IAF that the VK-2500-03 engine latent “overhaul manual has never been assigned to any other enterprise.”
It also said that the information is confirmed by the Federal Air Transport Agency of the Russian Federation. The company also stated that they had previously been working with Motor Stitch, but now they have withdrawn their certification permission from the company in 2018.