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BELGRADE (Serbia), August 2 (SeeNews) - Jagodina-based Serbian light aircraft manufacturer Aero-East-Europe (AeroEast) has signed an agreement to sell three planes to Indian company Karni Aerospace, the town council said.
The agreement envisages works on the contract valued at 500,000 euro ($555,000) to be executed by Aero-East-Europe by the end of 2019, the town council said in a statement on Thursday.
"I am particularly pleased that our Indian partners visited Italy, Germany, Spain and France before coming to Jagodina and subsequently recognised our factory as the most competent and affordable. Aircraft operating conditions in India are specific for light aircraft due to the high temperatures and our metal structure aircraft have proven to be the most durable," the owner of Aero-East-Europe, Milorad Matic, said.
Karni Aerospace is interested in the construction of a factory in the industrial zone of Jagodina, the owner of the Indian company, Аbhimanyu Detha, said.
"Indian entrepreneurs will come to Jagodina in September and the door is open for us to cooperate in all parts of the economy," said Detha.
Aero-East-Europe produces three models - Sila 450c, Sila 750 and Sila 750 MT, all certified by the European Aviation Safety Agency (EASA) for Light Sport Airplanes (LSA) and Very Light Aircraft (VLA). The company has produced over 140 airplanes for the European market so far, according to data from the corporate website.
($ = 0.900898 euro)