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Franco-Italian Aircraft Maker ATR Confirms Siberian Crash

04/02/2012 | 11:11am US/Eastern

ATR, a Franco-Italian builder of turboprop passenger aircraft, confirmed that one of its airplanes operated by Russia's UTair Aviation (UTAR.RS) was involved in an accident in Siberia Monday morning.

ATR said in a statement that the Russian Interstate Aviation Committee will lead an investigation into the accident, whose circumstances are "still to be determined."

The company also said it will advise the French safety investigation authority on the matter, in accordance with international regulations.

The plane had been carrying 39 passengers and 4 crew members on a flight between Tyumen and Surgut in Western Siberia, ATR said.

The aircraft came off the production line in 1992, and has been operated by UTair since 2008, it said.

ATR is a joint venture between European Aeronautic Defence & Space Co. NV (>> EADS) and Alenia Aermacci, a unit of Italy's Finmeccanica SpA (>> Finmeccanica SpA).

-By Nadya Masidlover, Dow Jones Newswires; +33 1 4017 1740; nadya.masidlover@dowjones.com

Stocks mentioned in the article : Finmeccanica SpA, EADS
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