China’s Sichuan Dahua General Aircraft Manufacturing Company has acquired the entire assets of leading European gyrocopter company ArrowCopter. The transaction was brokered by consultants Aerospace Investments Co. Ltd (UK) and Silk Wings Aviation (Beijing). The deal follows the recent conclusion of a formal agreement in an Austrian insolvency court.
Production of the all-composite ArrowCopter will remain in Austria, while discussions take place with several of the company’s former key personnel, according to an ArrowCopter press release.China's Sichuan Dahua General Aircraft Manufacturing Company has acquired the entire assets of leading European gyrocopter company ArrowCopter. The transaction was brokered by consultants Aerospace Investments Co. Ltd (UK) and Silk Wings Aviation (Beijing). The deal follows the recent conclusion of a formal agreement in an Austrian insolvency court.#
Sichuan Dahua is committed to investing in production in Europe. There will also be a parallel, complementary certification program to prepare the ArrowCopter for serial production in China.
Sichuan Dahua will continue to further develop the business, focusing on research and development upgrades on the ArrowCopter series, as well as streamlining production within Europe and China.
The market potential for gyrocopters in Asia is developing rapidly, especially in China, where the ArrowCopter will be certified in the lightweight sports (LSA) category. Three Gyrocopter manufacturers have already been certified by the Civil Aviation Administration of China (LSA) and are enjoying strong sales success.
Fibre2Fashion News Desk (DS)
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