Limited liability joint venture formed 1991 by Bulgaria (VMZ 46%, Metalhim 5%) and Russia (LMZ 25%, Interavia 24%). Thus Bulgarian financial control but president based in Moscow. First projects LKhS twin-engined STOL utility biplane (1993) and SL-90 Leshii 2/3-seat STOL multirole (1990, certificated 1990). Other designs (one by UK subcontractor) planned.

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