JV team

  • 21-Nov-2008 10:04 EST

AgustaWestland and Oboronprom Corp. signed an agreement for the establishment of a 50:50 joint venture (JV) company in Russia to set up and run a civil AW139 helicopter final assembly line. The registered office of the JV company and the final assembly line will be located in Moscow, and the AW139s assembled there will be used to satisfy the requirements of the civil markets in Russia and CIS countries primarily. UTAir of Russia has also signed a letter of intent for the purchase of 35 to 49 AW139 helicopters over a 5-7 year period that will be delivered from the JV’s final assembly line starting from 2011.

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