Romania's Brasov-based aircraft manufacturer, IAR Ghimbav, is to be split into three separate companies as part of its ongoing privatisation programme. Economic and finance manager Ion Dumitrescu says one company, which will retain the IARGhimbav name, will continue to build, repair and maintain helicopters. Another, to be called Aircraft Building, will offer aircraft repair and maintenance. Romanian news agency Mediafax says the three companies will keep the same shareholder structure as the original IAR, the ministry of economy and commerce holding 64.8% of each, the existing pre-privatisation shareholders holding the rest. IAR's 51% stake in Eurocopter Romania will be transferred to IAR Ghimbav.

Source: Flight International