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AIRBUS SETS UP HELICOPTER OARTS JV WITH HUNGARIAN STATE

 

Aircraft maker Airbus established a joint venture with the state of Hungary that will manufacture helicopter parts in Gyula (SE Hungary). Airbus Helicopters CEO Bruno Even and managing director of the state-owned National Aviation Industry Project Company Miklós Kun signed the articles of incorporation of the JV, called Airbus Helicopters Hungary, in which the state will hold a 30% stake.
Gyula mayor Ernő Görgényi said the plant would mark the start of a new economic era for the city.
The plant will employ more than 200 highly-trained workers to make high precision metallic elementary parts for the dynamic systems of helicopters. Production is expected to start in 2022.