Tue, Nov 02, 2010
Two Strategic Agreements For The Joint Venture Approved
Two strategic agreements signed late last week establish the
framework for Eurocopter’s creation of a 50/50 joint venture
in Kazakhstan to assemble EC145 helicopters, along with the sale of
45 of these locally-assembled aircraft for government missions in
the country.
EC145 File Image
The first accord is a framework agreement between Eurocopter and
Kazakhstan Engineering to create a 50/50 joint venture to assemble
and customise EC145s in Kazakhstan. The agreement also includes the
development of local maintenance and training activities to support
EC145 operations throughout the new customs union zone created this
summer by Kazakhstan, Russia and Belarus and the entire Central
Asian region.
The second accord is a memorandum of understanding (MOU) –
signed with Eurocopter, its parent company EADS and the Kazakhstan
Ministry of Defence to confirm its intention to purchase 45 EC145
helicopters in the next 6 years.
Both agreements were endorsed in Paris during the visit of
Kazakhstan President Nursultan Abishuly Nazarbayev to France.
The Eurocopter/Kazakhstan Engineering joint venture calls for
the assembly and customisation of EC145s in Astana, Kazakhstan.
This organisation will be formally established by December of this
year, allowing completion of the first in-country helicopters
– to be called the KH145 – by late 2011. According to
the MOU, the 45 KH145s acquired by Kazakhstan will be assembled
during a six-year period, with an initial batch of six helicopters
to be delivered next year.
“Eurocopter, together with its joint venture partner
Kazakhstan Engineering, will develop a major aeronautical industry
capability in Kazakhstan, thereby creating several hundreds of
highly qualified jobs,” said Eurocopter President & CEO
Lutz Bertling. “Moreover, this project will foster helicopter
usage in Kazakhstan, making this country the Commonwealth of
Independent States (CIS) showcase for governmental helicopter
operations. This joint venture also positions Eurocopter for future
business development in Kazakhstan, Central Asia, Russia and
Belarus, providing helicopters that are well tailored for
applications in the oil and gas, parapublic and government sectors,
as well as for other applications.”
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