The President of Ukraine, Petro Poroshenko, has signed a law that provides for the conditions needed for international cooperation in the construction of aircraft and the development of the aviation industry in Ukraine, according to the press service of the Ukrainian President.

It is reported that Poroshenko signed law No. 1475-VIII, "On amendments to some legislative acts of Ukraine concerning the creation of conditions for international cooperation of subjects of aircraft construction and development of the domestic aircraft industry."

The document is aimed at the creation of favorable conditions for the development of Ukrainian aircraft and provides for amendments to the laws, "On the development of the aircraft industry", "On particularities of state property management in the military-industrial complex" and to the decree of the Cabinet of Ministers, "On the regulation of activity of business entities established with participation of State enterprises."

"The law will improve the competitiveness and the production of domestic aircraft, will attract new technologies and investment projects to Ukrainian enterprises and will provide new jobs as well," the statement read. The law shall be effective on the day following the day of its publication.

As it was previously reported, Ukraine signed contracts to sell aircraft to Saudi Arabia and Azerbaijan in late May.

  Ukraine, Aircraft

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