China's Avicopter and Airbus sign deal for helicopters
Airbus Helicopters, formerly Eurocopter, is a subsidiary wholly owned by the Airbus Group, a global aerospace and defense leader.
Chinese President Xi Jinping and his French counterpart Francois Hollande witnessed the signing of the agreement - which concerns EC175/AC352 helicopters - at the Elysee Presidential Palace in Paris on March 26.
Avicopter will produce the AC532 mainly for the Chinese market, while Airbus Helicopters will offer the EC175 to the global market.
Li Fangyong, vice-president of AVIC Group said the agreement will enable their products to meet the market demand, and also allow the company to better fit into the industrial chain.
The Airbus Helicopters CEO Guillaume Faury, said the agreement will lead to good results for both sides, and "sets the stage for an unprecedented full-scale production framework by both partners and adds a new dimension to the relationship with Avicopter." ■