Russia, Italy to set up JV to assemble helicopters


Russia’s helicopter manufacturer and Italy’s AgustaWestland signed a basic agreement at the Farnborough air show in England on Tuesday to set up a joint venture to assemble AW139 helicopters in Russia.

AgustaWestland CEO Giuseppe Orsi said the joint venture with Oboronprom to assemble AW139s would meet the growing demand for the helicopter and strengthen the company’s foothold on the CIS market. “Under the contract, Russian helicopter manufacturers will get access to new production technology and high-quality standards for helicopter servicing,” Oboronprom director Andrei Reus said.

The Russian businessman added that Oboronprom, a subsidiary of Rosonboronexport, would seek to localize the production of the AW139 production in Russia. The AW139 is a medium two-engine helicopter with a takeoff weight of 6.4 metric tons. It can seat up to 15 passengers and be used as a corporate or VIP helicopter as well as in offshore, emergency, rescue and firefighting operations.

AgustaWestland is one of the world’s largest helicopter manufacturers with production sites in Italy, Britain and the United States. It is incorporated into the Finmeccanica Group.

The Farnborough International Airshow 2008, which opened Monday, marks the 60th anniversary of the aviation show and, according to the organizers, this year’s event is the biggest in terms of exhibition space and exhibitor numbers. (


KSH Dismisses Reports of Eurostat 'Investigation' Figures

KSH Dismisses Reports of Eurostat 'Investigation'

Hungarian-American Business Chamber Established in Chicago Int’l Relations

Hungarian-American Business Chamber Established in Chicago

Number of Registered Jobseekers Down 3% in November HR

Number of Registered Jobseekers Down 3% in November

Number of Guest Nights up 5.1%  Tourism

Number of Guest Nights up 5.1% 


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.