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ZHUKOVSKY, Russia, Aug 18 (Reuters) - Prime Minister Vladimir Putin berated plane builders at the opening of Russia's premier air show on Tuesday, warning aviation bosses that the state will not support loss-making firms or defend bad managers.
Putin gave the sector an Oct. 1 deadline to propose recovery measures and singled out state-run United Aviation Corp -- created three years ago to spearhead the revival of Russia's domestic aviation industry --for signing unprofitable deals.
"I would like to warn you against the illusion that the state will cover losses indefinitely, pull you out of debt and correct management's mistakes," Putin told a meeting of industry managers and government officials at the MAKS aerospace fair near Moscow. "We will invest in the aviation industry, but we need results."