China’s Sichuan Dahua acquires Austria’s ArrowCopter
Sichuan Dahua General Aircraft Manufacturing Company of China has successfully acquired the entire assets of leading European gyrocopter company, ArrowCopter.
The transaction was brokered by consultants Aerospace Investments Co. Ltd (U.K.) and Silk Wings Aviation (Beijing), who are now actively assisting in the completion phase. The deal follows the recent conclusion of a formal agreement in an insolvency court in Austria.
Production of the all-composite ArrowCopter will remain in Austria, whilst discussions take place with several of the company’s former key personnel.
Sichuan Dahua General Aircraft Manufacturing Company is committed to investing in production in Europe. There will also be a parallel, complementary certification program to prepare the ArrowCopter for serial production in China. Dahua will continue to further develop the business, focusing on R&D upgrades on the ArrowCopter series, as well as streamlining production within Europe and China.
The market potential for gyrocopters in Asia is developing rapidly, especially in China, where the ArrowCopter will be certified in the lightweight sports (LSA) category. Three Gyrocopter manufacturers have already been certified by the Civil Aviation Administration of China (LSA) and are enjoying strong sales success.