South Korea, Indonesia to cooperate to sell aircraft globally

jaguar-private-jet-hanger-airplane-plane-image-resolution_870680-1024x640.jpg

Korea Aerospace Industries, the country’s sole aircraft manufacturer, said Wednesday it had signed an initial agreement with an Indonesian company to sell its products in the global market.

In the 2016 Indo Defence Expo and Forum set to run from Wednesday through Saturday in Jakarta, KAI and PT Dirgantara Indonesia (PTDI) agreed to carry out joint marketing to export aircraft in Southeast Asia, the Middle East and Africa, KAI said in a statement.

“The two companies will expand their cooperation in passenger carriers, military aircraft and aerospace businesses,” KAI Chief Executive and President Ha Sung-yong said in the statement.

Under the pact, KAI aims to export the KUH-1 Surion utility helicopters to Indonesia as its military is expected to gradually replace the aging fleet of 200 choppers. It will help the PTDI improve its aircraft maintenance capabilities, and the PTDI will help KAI win local projects in aircraft maintenance, repairs and operations, it said.

The two aircraft companies also plan to jointly develop unmanned aerial vehicles (UAVs) and promote their aircraft in global markets through joint marketing, KAI said.


About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.


CONTACT US

CALL US ANYTIME

Most read



Retail updates

Stay up to date of the lates updates and retail news from Asia.








X