New Zealand firm buys rights to French training aircraft

25th June 2004, Comments 0 comments

AUCKLAND, June 25 (AFP) - A French aircraft manufacturer has sold its rights to a popular two-seat trainer to a New Zealand company, which will build it in this country, the company said Friday.

AUCKLAND, June 25 (AFP) - A French aircraft manufacturer has sold its rights to a popular two-seat trainer to a New Zealand company, which will build it in this country, the company said Friday.

Alpha Aviation Limited said they would manufacture the Alpha trainer in Hamilton, south of Auckland.

The company would however continue a business relationship with the Dijon-based, family-owned Societe Apex Industries, which designed and built the aircraft, Alpha Aviation Limited said in a statement.

Alpha CEO Murray Dreyer would not disclose what his company had paid for the deal.

In terms of the agreement, Alpha secured the worldwide rights and assets associated with the aircraft, including all tools, designs and intellectual property, the statement said.

The French company would continue in the aircraft manufacturing business, concentrating on its existing range of wooden aircraft, including the well-known and best selling DR400.

Alpha chairman Richard Sealy said the company expected sales in excess of NZD 15 million (USD 9.4 million) once the production line reached 100 aircraft a year, of which 90 would be exported.

Cessna stopped manufacturing two-seat trainers in 1982 while Piper pulled out of the market a year later.

"This has provided Alpha with a unique window of opportunity," the statement said.

© AFP

 

Subject: French news

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