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AGREEMENT OF COMMONWEALTH OF INDEPENDENT STATES

of October 18, 1996

About creation of transnational financial and industrial group on ensuring operation and repair of the aircraft equipment of civil aviation of the State Parties of the Commonwealth of Independent States

The State Parties of this agreement on behalf of the governments which are hereinafter referred to as with the Parties

recognizing need of the state support in ensuring operation and repair of the aircraft equipment of the Parties as one of the most important factors of stabilization, further development and maintenance of high level of safety of flights of air transport,

confirming need of protection of civil aviation of the Parties in the internal and foreign markets of air-transport services on the basis of their approved interaction and cooperation,

realizing basic provisions of the Memorandum of the principles of interaction and cooperation in the field of civil aviation of November 3, 1995, the Agreement on upgrade of civil aviation of gosudarstvuchastnik of the Commonwealth of Independent States of November 3, 1995,

agreed as follows:

Article 1

The parties promote creation transnational financially - industrial group on ensuring operation and repair of the aircraft equipment of civil aviation of the State Parties of the Commonwealth of Independent States (further - the Aerofin group).

Article 2

Main objective of the Aerofin group is recovery of cooperation between aircraft manufacturers, aircraft repair plants and airlines of the State Parties of the Commonwealth of Independent States, increase in their competitiveness in the world market of aviation services and transportations, and also ensuring high level of safety of flights.

Article 3

Participation in implementation of this agreement is performed by the Parties according to their national legal system.

Business entities of the Parties of different patterns of ownership can be part of the Aerofin group.

Article 4

After organization and registration of the Aerofin group remains open for joining to it of other business entities of gosudarstvuchastnik of the Commonwealth of Independent States and other states dividing the purposes of its activities according to their national legal system.

Article 5

The parties in case of need can provide to participants of the Aerofin group the corresponding state guarantees, customs, tax and other privileges provided by their national legal system.

Article 6

The parties within their national legal system grant to participants of the Aerofin group the right to independently determine the term of depreciation of the equipment and accumulating of the depreciation charges on condition of the direction of the received funds only for implementation of own investment projects.

Article 7

The parties can within implementation of the state support of activities of the Aerofin group:

deliver the blocks of shares of her participants which are temporarily assigned to the state in trust management of the central company of the Aerofin group;

carry out offsetting of debt of the participant of the Aerofin group which shares are implemented on investment tenders (biddings) in the amount provided by conditions of such tenders (biddings) if buyer is the central company of the Aerofin group.

Article 8

The parties undertake measures for adoption of the necessary national legal acts promoting functioning of the Aerofin group in the territories.

Article 9

Registration and registration transnational financially - Aerofin industrial group is made in the Russian Federation.

Article 10

The agreement does not affect the rights and obligations of the Parties concerning the states which are not participating in this agreement.

Article 11

Control of execution of this agreement, and also the solution of matters of argument on its realization is assigned to the Supervisory board which part representatives of the Interstate Aviation Committee, Interstate economic committee of Economic union and aviation administrations of the Parties which signed the Agreement are. The supervisory board performs the functions according to the Provision approved by the Interstate Aviation Committee.

Article 12

According to the mutual arrangement changes and additions can be made to this agreement.

Article 13

This agreement is signed sine die.

Article 14

This agreement becomes effective from the date of its signing. For the Parties which legislation requires accomplishment of the interstate procedures necessary for its entry into force, - from the date of delivery of the relevant documents to depositary.

Article 15

This agreement is open for accession to it of other states sharing its purposes and the principles with the consent of all Parties by transfer to depositary of documents on such accession. Accession is considered by the depositary of the last message on consent to such accession which became effective from the date of receipt.

Article 16

Any Party can leave this agreement, having in writing notified on it depositary. Denouncement becomes effective in six months from the date of receipt by depositary of the notification on it.

It is made in Moscow on October 18, 1996 in one authentic copy in Russian. The authentic copy is stored in the Executive Secretariat of the Commonwealth of Independent States which will send to each state which signed this agreement, its verified copy.

 

Clause of Ukraine to the Agreement on creation of transnational financial and industrial group on ensuring operation and repair of the aircraft equipment of civil aviation of the State Parties of the Commonwealth of Independent States

Articles 5, of 6, 7 Agreements are implemented taking into account the national legal system of Ukraine.

Prime Minister of Ukraine

P.I.Lazarenko

Kazakhstan signed with notes.

Uzbekistan signed except for Articles 5 and 7.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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