New Zealand Aviation takes off in Vietnam

New ZealandPrime Minister John Key highlighted strong aviation ties between New Zealand and Vietnam in Ho Chi Minh City this morning.

The breakfast event also marked the signing of a letter of intent between New Zealand company Pacific Aerospace and Vietnam’s Survey and Aerial Mapping Corporation (Samcom) for the purchase of two P-750 XSTOL aircrafts, to take place next month.

The New Zealand aircraft will be used for aerial survey and mapping work and have been chosen for low operating cost and high reliability.

“Despite having manufactured well over 700 aircrafts, which we have sold all around the world, this is our first sale to Vietnam. It is a very important step towards developing Southeast Asia as one of our key markets for the P-750 XSTOL,” said Damian Camp, chief executive of Pacific Aerospace.

The deal represents just one of the ways New Zealand and Vietnam have been working together in the aviation sector. New Zealand pilot training, airport redevelopment and baggage handling systems are also being utilised here.

“New Zealand has long been recognised for its innovation in aviation,” said New Zealand Trade Commissioner and Consul General to Vietnam, Graham Sims.

“Today’s signing of a letter of intent to purchase two aircraft from Pacific Aerospace is a big step forward for New Zealand aviation in Vietnam. The New Zealand aviation service sector is also providing significant input into the development of new and upgraded airport facilities”.

New Zealandis known worldwide for its advanced aviation industry, including creating high-gradealuminium used on the wings of Airbus’ new A380 and 3D graphics management systems used by United States aerospace and defence companies.

New Zealand’s aviation industry is estimated to have grown from a total of NZ$6.8 billion in 2005 to NZ$9.7 billion in 2009. – VIR

Tags:

Posted by VBN on Oct 30 2010. Filed under Aviation. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

You must be logged in to post a comment Login

Stay informed everyday

Subscribe to free RSS and email updates from Vietnam Business News

Subscribe via Email Subscribe in a Reader Follow us on Twitter Connect on Facebook

RSS Singapore Business News

  • Govt taking serious steps to address housing issues
  • Landed home approvals for PRs to decline on tighter rules
  • Pasir Ris EC site sells for S$122m
  • UOL wins prestigious property award from FIABCI
  • St. Regis Shenzhen opening soon
  • Tengah, Bidadari seen as possible new towns

RSS India Business News

  • Nifty seen opening higher; Inflation data eyed
  • Sensex up 422 points as strong Infosys revenues, guidance allay slowdown fears
  • Sensex opens 0.6% higher; Infosys, HDFC Bank, ICICI Bank up
  • Sensex above 17000;SBI, HCL, ICICI, Infosys, HDFC Bank up
  • Sensex pares gains; Jindal Steel, Hindalco, L&T down
  • India-Vietnam aims $7 bn bilateral trade by 2015

RSS Malaysia Business News

  • CPO futures rise on speculative buying
  • Ringgit end sharply higher on strong buys
  • Malaysian sukuk, bond marts attract more global issuers
  • Bank Muamalat launches dual currency investment product
  • MTDC signs technology deals
  • More Malaysian firms tap growing India market

Sponsored

  • Looking for an overseas forex broker?
  • Trading Point now offering Forex Malaysia and FX Japan with Forex, CFD's and Futures.