|Paris Air Show 2017|
Leonardo and Sino-US Intercontinental sign contract for 17 helicopters and strengthen the partnership in the Chinese market
Sino-US ordered 2 AW119Kx, 10 Trekker and 5 AW139 helicopters valued in excess of €100 million during the Paris Air Show
Leonardo, June 20, 2017 - Leonardo and Sino-US Intercontinental Helicopter Investment (Shanghai) Co., Ltd. announced today a further reinforcement of their strategic cooperation in the Chinese helicopter market.
During an official ceremony held at the Paris Air Show, the parties announced the signing of a contract for the purchase of 17 helicopters comprising 2 AW119Kx single engine, 10 AW109 Trekker light twin and 5 AW139 intermediate twin engine models.
The order is valued in excess of €100 million, with deliveries starting later this year.
The contract was signed in the framework of a Distributorship Agreement renewal, which also foresees the purchase of additional aircraft in the next three years, and makes Sino-US Intercontinental the exclusive distributor for the Chinese civil, commercial and offshore helicopter market (including Hong Kong and Macau). Furthermore, the exclusivity under the Distributorship Agreement will be extended to the entire Chinese helicopter market no later than mid-2019. The parties are also committed to strengthening the level of after-sales service with joint efforts aimed at establishing a completion centre and additional local training services, providing further evidence of the intention of Leonardo to deliver the best level of support to the benefit of the growing helicopter fleet in China.
Sino-US Intercontinental has so far placed orders for nearly 100 helicopters comprising AW119Kx, GrandNew, AW109 Trekker, AW169, AW139 and AW189 and has established the largest EMS (Emergency Medical Service) helicopter programme nationwide in China. The presence of Leonardo in China grows stronger with almost 200 helicopters sold to Chinese customers to date for commercial and public services. The growing fleet is supported by an increased customer support presence, recently enhanced by the opening of a major warehouse facility in Shanghai.
About Sino-US: Sino-US Intercontinental (Sino-US Intercontinental Helicopter Investment Co. Ltd) is part of Shanghai Zenisun Investment Group, a large conglomerate corporation that focuses on real estate and general aviation. The company has been undertaking helicopter sales and operations in China since 2006, providing a one-stop service for helicopter purchase, import, operation, management, support & training as well as airport construction.
About Leonardo: Leonardo is among the top ten global players in Aerospace, Defence and Security and Italy’s main industrial company. As a single entity from January 2016, organised into seven business divisions (Helicopters; Aircraft; Aero-structures; Airborne & Space Systems; Land & Naval Defence Electronics; Defence Systems; Security & Information Systems), Leonardo operates in the most competitive international markets by leveraging its areas of technology and product leadership. Listed on the Milan Stock Exchange (LDO), at 31 December 2016 Leonardo recorded consolidated revenues of 12 billion Euros and has a significant industrial presence in Italy, the UK, the U.S. and Poland.
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Sino-US Shanghai Zenisun Investment Group
AgustaWestland AW119Kx Koala
AgustaWestland AW109 Trekker