Agreement between the Government of the Republic of Uzbekistan and Government of Ukraine on creation of joint Ukrainian-Uzbek airline on freight transportation

of December 5, 1996

The government of the Republic of Uzbekistan and the Government of Ukraine which are referred to as further with "Parties"

confirming the commitment to free development of mutual economic cooperation,

considering the developed integration commercial ties of the Republic of Uzbekistan and Ukraine,

being guided by Agreements between the Government of the Republic of Uzbekistan and the Government of Ukraine on air traffic and cooperation in the field of air transport of February 20, 1993, about cooperative principles in industry of production and deliveries of the aircraft equipment in 1994 - 2000 of September 30, 1994,

being based on the developed economic relations, economic bonds, shirokorazvity cooperation in industry of sci-tech cooperation and production of the aircraft equipment,

and also for the purpose of creation of the best conditions for preserving and development of these bonds between the companies and the organizations, all patterns of ownership which are placed in the territories of the Parties,

agreed as follows:

Article 1

The parties will promote business entities of all patterns of ownership in creation and functioning of joint Ukrainian-Uzbek airline on freight transportation on parity conditions.

Article 2

The parties agreed to create joint working group for development of statutory documents, assessment of the property invested in authorized fund, registration of the joint company airline and development of starting financing of economic activity of the created airline.

Financing of work of joint working group is carried out at the expense of potential founders of airline on both sides in equal equity.

The Uzbek side offers the following organizations as potential founders:

Uzbekiston Havo Yullar national airlines;

State management committee state-owned property and supports of entrepreneurship of the Republic of Uzbekistan;

Navoiy mining and smelting plant;

Ministry of Defence of the Republic of Uzbekistan.

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