Yakovlev, a prominent Russian aircraft manufacturer under the umbrella of United Aircraft Corporation, has approved the sale of a package of treasury shares valued at $11 million. The shares account for just 0.3% of the company’s total issued securities, indicating a limited impact on shareholder structure while potentially offering liquidity or funding for operational activities.
Yakovlev, a prominent Russian aircraft manufacturer, reported a net profit of US$138.4 million for the year 2024, despite withholding key financial metrics such as revenue, cost of sales, and other supporting data. The announcement provides a limited but notable glimpse into the company’s financial status amid a sensitive geopolitical and industrial climate.
United Aircraft Corporation (UAC) (Russia) has announced significant leadership changes at two of its key subsidiaries, Yakovlev and Tupolev. Andrey Boginsky, CEO of Yakovlev, and Konstantin Timofeev, Managing Director of Tupolev, have stepped down from their respective roles.
