Xinjiang invests 10 billion yuan to build helicopter manufacturing base
People's Daily Online
(People's Daily Online) 09:01, July 22, 2015
Xinjiang Production and Construction Corps cooperates with China Helicopter Industry Development Association (CHIDA) and the United States and China Foundation (USCF), signing the agreement framework of building a large helicopter manufacturing base in Xinjiang.
Majoring in producing US Vertical Aviation Technology, Inc (VAT) hummingbird features helicopters, luxury business helicopters, and designated helicopters for police and medical use etc. The project, which is expecting over 10 billion yuan investment, is targeting an annual yield of 300 to 400 helicopters, and realizing the domestication of helicopter parts.
In the meantime, to coordinate with the comprehensive implementation of 'One Belt and One Road' Xinjiang aviation project, both sides will fully cooperate with each other not only within the project, but also in building international aviation institute, air tourism, and pilot license trainings etc.
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