OREANDA-NEWS. July 26, 2010. Representatives of British AeroSpace, Defence and Security Industries (ADS) and Russian Union of Aviation Industrialists (UAI) signed a Memorandum of Understanding with the aim to foster mutual relationships, reported the press-centre of UAI.

Both organizations expressed their intention to intensify existing industrial and organizational cooperation between the industries of both countries, especially in terms of aviation standards, airworthiness regulatory frameworks, as well as in mutual business dialogue, especially regarding small and medium enterprises.

Alexey Fedorov, President of UAI and Ian Godden, Chairman of ADS took part in the signing ceremony held in the Hall of the UK Partnership Pavilion Chalet row at the Farnborough Airshow.

On the occasion of the ceremony, Fedorov and Godden stated: “The signing of this Memorandum puts cooperation of Russian aircraft enterprises with British partners on an international legal basis and therefore is an important step on the way to integration of Russian aircraft enterprises into the international aviation industry. This will also contribute to further expansion of cooperative relations between ADS and UAI members.