OREANDA-NEWS. According to the memorandum of collaboration which was recently signed between "Ukrainian Aviation" and Austria's Luftfahrttechnik - Projektentwicklungs GmbH, the Austrians will invest about USD 560 mln into the program to resurrect An-124 airplane production by 2009, Millennium Capital, a financial services provider, disclosed.

To resume the production of the An-124 Ukrainian Motor Sich and Russian Volga-Dnepr created a joint venture named "Cargo Aircraft". In August 2007, "Ukrainian Aviation" decided to join them. The appearance of Luftfahrttechnik - Projektentwicklungs GmbH is positive news for the project and in particular for Motor Sich, which completes An-124s with engines. The project is expected to be launched in 2009.