Eurocopter to build choppers in China

21st November 2003, Comments 0 comments

SHANGHAI, Nov 21 (AFP) - China's Hafei Aviation Industry on Friday inked a deal to build helicopters in the northeast of the country with France's Eurocopter and Singapore Technologies Aerospace.

SHANGHAI, Nov 21 (AFP) - China's Hafei Aviation Industry on Friday inked a deal to build helicopters in the northeast of the country with France's Eurocopter and Singapore Technologies Aerospace.

Hafei, a listed subsidiary of military contractor China Aviation Industry Corp II, will produce EC120 helicopters, a product it already supplies parts for, the company said in a statement.

It provide no further details and company officials were not immediately available for comment.

Eurocopter, a wholly-owned subsidiary of European aerospace consortium EADS, which also makes Airbus planes, is taking a 61 percent stake in the venture, according to a report in the official China Daily.

Hafei will own a 24 percent share and Singapore Technologies Aerospace the remaining 15 percent of the new assembly line based in the northeastern city of Harbin set to make 20 helicopters a year, under the trade name HC120.

The Harbin Aviation Industry Group Corp. said the public security bureau in the city of Daqing will sign a letter of intent with Hafei Aviation and the China National Aero Technical Import and Export Corp. to buy two HC120 helicopters, with the first aircraft scheduled to be delivered in 2004.

China is expected to need about 1,800 helicopters, worth some EUR 4.9 billion, by 2013, reports said.

© AFP

Subject: French news



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