Leonardo, March 08, 2017 - Leonardo and Shanghai Zenisun Investment Co., Ltd announced today they will strengthen their strategic cooperation in the Chinese civil helicopter market by renewing the existing Distributorship Agreement with Sino-US Intercontinental, part of Shanghai Zenisun, as the sole distributor in China (including Hong Kong and Macau) of Leonardo’s civil products.
These include the AW119, AW169, AW139, AW189 helicopter models.
The parties will initiate joint efforts on local training and local completion center capability setup. Through these initiatives Shanghai Zenisun is established as the preferred, leading strategic cooperation partner of Leonardo for civil helicopter sales in China.
Chinese customers will benefit from local training and industrialization cooperation between Leonardo and Shanghai Zenisun, leveraging the extensive collaboration in sales and after-sales services. Sino-US Intercontinental has so far placed orders for over 80 helicopters comprising AW119Kx, GrandNew, AW169, AW139 and AW189 helicopters. Fifty-five emergency medical service helicopters comprising the AW119Kx, AW169 and AW139 models were ordered in 2016 establishing the largest EMS helicopter program nationwide in China.
The presence of Leonardo in China grows stronger with more than 180 helicopters sold to Chinese customers to date for commercial and public services. 2016 has set a new record with more than 20 helicopters delivered to China. The growing fleet is supported by an increased customer support presence, recently enhanced by the opening of a major warehouse facility in Shanghai.
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 2015 Leonardo recorded consolidated revenues of 13 billion Euros and has a significant industrial presence in Italy, the UK and the U.S.