China’s Skyrizon Aircraft and Xinwei Technology Group are offering UkrOboronProm a $100 million sweetener to agree to the sale of over 50% of Motor Sich, the state-owned aircraft engine maker

China’s Skyrizon Aircraft and Xinwei Technology Group are offering UkrOboronProm a $100 million sweetener to agree to the sale of over 50% of Motor Sich, the state-owned aircraft engine maker, reports Interfax-Ukraine. Under a deal under review by Ukraine’s Antimonopoly Committee, UkrOboronProm would retain a 25% blocking stake in the company. In 2015, the construction started on a planned Chinese-Ukrainian production site in Chongqing, about 1,700 km west of Shanghai. Last year, combined US-Japanese-Ukrainian pressure blocked the deal through court actions. However, the deal survived and is now before the Antimonopoly Committee. After losing $17 million loss in the first half of this year, the Zaporizhia-based company put its workers this month on a 4-day work week.