Rostec Corporation has confirmed plans to merge Public Joint Stock Company United Aircraft Corporation (MISX:UNAC) and aircraft producers Joint Stock Company Sukhoi Civil Aircraft and Joint-Stock Company "Russian Aircraft Corporation "MiG"(MiG) into a unified corporate center of aircraft engineering that would consolidate management of aircraft programs and other assets of UAC, a spokesperson for Rostec told PRIME on March 18, 2021. But Rostec denied with media reports that Sukhoi and MiG will “end their existence" during the merger. “Yes, the form of incorporation of these companies will change, but the brands and the people who make these brands will not vanish," the spokesperson said. The goal of the reform is to improve economic stability of UAC, optimize the administrative structure, reduce non-production costs, and cut the debt burden. The cumulative impact from the reform may reach RUB 130 billion. It should be done in several stages in the next several years, because all the key changes are yet to be fleshed out together with all companies, the spokesperson said.