Deal Struck At HAI Becomes Reality

Shanghai Sikorsky Aircraft Company (SSAC) has received business license approval from the Chinese authorities, authorizing the light helicopter company to commence operations.

SSAC is an equity joint venture between Sikorsky Aircraft Corporation and Shanghai Little Eagle Science and Technology Company. Customer negotiations are already underway for 2003 deliveries of three separate light aircraft models, with production capability expected to accommodate 24 aircraft per year.

A letter of intent was signed at the first SSAC Board of Directors meeting for the sale of a Shen 4T, a single engine turbine helicopter scheduled for delivery later this year. The LOI represents the first customer for this model helicopter in China and the first sale for the joint venture company.

“Sikorsky is proud to embark on a dynamic joint venture in one of the world’s fastest-growing economies,” said Mick Maurer, Sikorsky Vice President-Marketing and Strategic Planning. “China offers tremendous potential for the light helicopter market, and we expect great success for this endeavor.”

Shanghai Little Eagle Science and Technology Company is a technology company whose mission is to develop practical, economical, safe and reliable helicopters for the Chinese market.

FMI: www.sikorsky.com