Formed in 1974 to design and build gliders, small flying boats and amphibians, OKB Aeroprakt established a second centre at Kiev in 1986, only to be divided on dissolution of the USSR. Became LM Aeropract Samara, a joint Russo-Finnish venture, in 1991; KB Aeropract in 1993; and Aeropract JSC in 1997.
The Russian Aeropract adopts a -ct ending in transliteration to differentiate it from the Aeroprakt now in Ukraine. The two copmpanies are no longer connected. Chief designer Igor Vakhrushev was killed in the crash of an Aeropract-23M in June 2000, after which production was suspended temporarily. A modified version of Aeroprakt-27, the 27M, was shown at Moscow in August 2001 and promotion of the Aeroprakt-33 began in 2002.

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