Beijing Automotive Industrial Corporation (BAIC) has signed a deal for the purchase of 50 AgustaWestland helicopters on 15 October 2014. Delivery of the AW139s, AW169s and AW189s are scheduled to begin in Summer 2015 and last through to 2019.
The contract, that includes training, spare parts and technical support is valued around EURO 400 million, excluding customer selected options and mission equipment. It’s a follow-up on the MoU signed in June.
Although AgustaWestland has not specified the exact number for the exact types, the deal includes several of all, ranging from the single engine AW119Kx to the AW189 super medium helicopter.
BAIC is a the fourth largest state owned automotive company in China, and is entering the aviation business through its subsidiary Beijing General Aviation Co. Ltd. (BGAC). BAIC has achieved revenues of US$43.3 billion last year and was ranked 248 in the latest list of Fortune 500 companies.