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GOVT, AIRBUS HELICOPTERS TO PARTNER IN PARTS JOINT VENTURE

 

Airbus Helicopters announced plans to partner with the Hungarian government in a joint venture to produce aircraft parts in the southeast Hungarian city of Gyula. The plant, to be constructed in a greenfield investment, will manufacture high precision metallic elementary parts for the dynamic systems of helicopters for the complete Airbus product range. Production is expected to start in 2021. The Hungarian government plans to establish capabilities for metallic surface treatment and a Hungarian Aerospace Academy to support the new Airbus site by training the future workforce, Airbus said. The facility “will be the core of an emerging Hungarian aeronautics cluster”, the company added.
Airbus will hold a majority stake in the JV and will operate the plant. “Hungary offers us the opportunity to implement our industrial strategy based on the specialization of our sites and to set up a greenfield aerospace complex according to the most modern industry requirements,” said Airbus Helicopters CEO Bruno Even. “We also can rely on a skilled and well-educated workforce,” he added. Airbus Helicopters and Hungary signed an agreement late in 2018 on establishing an industrial cooperation for long-term aviation projects.