Ukraine to Return Ownership of Jet Engine Maker From Chinese Investors

Ukraine to Return Ownership of Jet Engine Maker From Chinese Investors
Ukrainian troops land from Mi-8 helicopter, built with Motor Sich's engines, during an air force exercises in western Ukraine on Oct. 12, 2018. Genya Savilov/AFP via Getty Images
Updated:

The Ukrainian government announced it will return ownership of an aircraft engine manufacturer from Chinese investors last week, ruling out the possibility of it falling into the power of the Chinese Communist Party (CCP).

Motor Sich, one of the top jet engine makers worldwide, is a Ukrainian privately-owned company based in Zaporizhia, although being majority-owned by Chinese companies.