Aero AT to build aircraft manufacturing facility in Changzhou National Hi-Tech District.
AIRLINE INDUSTRY INFORMATION-(C)1997-2015 M2 COMMUNICATIONS
Poland-based Aero AT Ltd., Jiangsu Aero AT Aviation Technologies and Changzhou National Hi-Tech District said they have entered into an investment agreement whereby the aircraft manufacturer will build a facility for producing the six-seat M-20 Mewa business jet in Changzhou Konggang Industrial Park.
The manufacturing facility encompasses a total investment of USD150 million, including an initial registered capital of USD60 million.
In May 2013, Aero AT (Jiangsu) Aviation Industrial acquired Poland's Aero AT Ltd. outright, becoming China's first private general aviation firm to own a foreign fully-assembled aircraft maker wholly. In April of this year, Aero AT (Jiangsu) Aviation Industrial bought the entire collection of intellectual property for the M-20 Mewa business jet from US-based Sikorsky Aircraft's subsidiary in Poland.
The city of Changzhou will assist Aero AT in developing the new facility into a key general aviation manufacturing hub in the Yangtze River Delta area and the wider east China.
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|Publication:||Airline Industry Information|
|Date:||Nov 9, 2015|
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