OREANDA-NEWS. September 28, 2009. Management of the Company is carrying on negotiations about creating a joint venture with China Aircraft Corporation AVIC. The main objectives of this partnership are sales of engineering know-how and establishment of manufacture in China.

Millennium Capital sees this news as POSSITIVE for Motor Sich < MSICH UZ BUY >, the only producer of engines for this type of aircraft because expansion to new markets allows to reduce dependence from Russia. Forecasted growth of demand for air transportations in China region in 2009-2029 provides good prospects to the Company.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of tickets selling for its flights due to high arrearage to the creditors of the company.