Shares in Russia's Sukhoi design bureau will be put up for auction on 17 November, although the sale is being limited to a minority stake of only 25.4%. Russia's privatisation committee had originally envisaged the sale of a controlling stake in the military design bureau, but senior Russian defence officials intervened. The $12 million price being put on the auction has also raised controversy. Sukhoi general designer Mikhail Simonov says that the figure is ridiculous, valuing the company at less than the cost of just one of its fighters.
Source: Flight International