Voronezh Aircraft Production Association

51°38′N 39°15′E / 51.633°N 39.250°E / 51.633; 39.250

Voronezh aircraft production association

Company type	Open joint-stock company
Industry	Aircraft
Founded	March 1, 1932; 92 years ago (1932-03-01) Voronezh, Soviet Union
Headquarters	Tsiolkovsky 27, Voronezh , Russia
Key people	General manager: Dmitry Prishvin
Products	Airplanes
Revenue	6,670,500,000 Russian ruble (2017)
Operating income	−246,391,000 Russian ruble (2017)
Net income	−1,471,689,000 Russian ruble (2017)
Total assets	36,740,968,000 Russian ruble (2017)
Number of employees	5,853 (June 2013)
Parent	UAC[1]
Website	vaso.ru

Voronezh Aircraft Production Association^[a] (VASO in English, ВАСО in Russian, Воронежское акционерное самолётостроительное общество, literally Society of Voronezh Joint-Ownership Aircraft Builders) is one of the largest aircraft production plants in Russia.

History

Founded in 1932 in Voronezh (as Voronezh Aviation Plant, branch registry number 18). In 2007, VASO became part of the state-owned United Aircraft Corporation (UAC). Notable planes built here are the An-148 (never was commercially built, failed), Tu-28 (until 1970), Tu-144 (16 were made in 1967-1983), Il-86 (built until the end of the USSR), Il-96 (still in production with less than 1 unit per year), Il-28 (production ended in 1970), ANT-25 (pre-WWII plane), TB-3 (WWII plane), Il-2 (WWII plane), Tu-16 (built in the middle of the 20th century, retired in the late USSR years) and some others.

In July 2009, UAC said it will invest 5 billion rubles ($162 mln) in the modernization of VASO's facilities. According to UAC, VASO will build 5 An-148 passenger aircraft in 2009, 18 in 2010, 36 in 2011, and 50 planes would be made annually from 2013 onwards.^{[citation needed]}

Between 2008 and 2015, it produced some parts for an Airbus A320 and the A380.^{[citation needed]}

In 1993, the aircraft plant started to develop two new updates to old Soviet models, the wide-body aircraft Il-96-400M and Il-112V. However, the yearly revenue of the plant is lower than the average price of one wide-body airliner.^{[citation needed]}

VASO Airlines

For a short period, the company operated a charter airline sub-division, naming it VASO Airlines. Established in 1999, VASO folded in 2006.^[2]

Ownership structure

• JSC “Ilyushin Interstate Aircraft-Building Company” (30.0% of the shares)
• JSC “Ilyushin Aviation Complex” (27.1% of the shares)
• Private shareholders (42.9% of the shares)^[3]

Notes

References

External links

• Official website of VASO (in Russian)
• Voronezh aircraft production association

This page was last edited on 5 March 2024, at 18:29