Saturday, February 14, 2009

Bangalore: Agustawestland, a Finmeccanica company and Tata Sons announced signing of a Memorandum of Understanding for forming an Indian Joint Venture company which will establish a final assembly line for the AW-119 helicopter in India.
The agreement was signed at the Aero India 2009 air show here by Giuseppe Orsi, CEO, AgustaWestland and Ratan Tata, Chairman of Tata Sons.
The JV company will be responsible for the AW-119 final assembly, completion and delivery to customers worldwide, while AugustaWestland would retain responsibility for worldwide marketing and sales.
The first aircraft is scheduled to be delivered from the new facility in 2011, with production forecast to rise to 30 aircraft per year to meet worldwide demand, an AgustaWestland statement said.
13/02/09 PTI/Deccan Herald

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