
As of Dec. 27, 2012, Chongqing Helicopter Investment Co., Ltd (CQHIC), located in Chongqing, China has acquired Enstrom Helicopter Corporation, moving from one foreign owner to another. Chongqing is the fourth largest metropolitan area in China. CQHIC is focused on helping Enstrom expand its reach into China and the rest of the world. The number of helicopters in Asia represents only a small percent of the number of helicopters in the United States, while Asia has a significantly larger population and is expected to be a major market for helicopters over the next two decades.
“This is a major step in moving Enstrom to a new level,” said Enstrom president, Jerry Mullins. “It will provide Enstrom with the needed resources to enhance marketing efforts in China and around the world. This strong ownership will allow further growth of our business in Menominee, Mich., to meet the demands of the increasing markets around the world, especially Asia.”
Enstrom has seen a 50 percent growth in employment over the past 18 months, and with the new ownership will continue to grow to meet current and future demands. Enstrom will be expanding their Menominee facility to address higher production rates. This will also add business to Enstrom’s U.S. supplier base, which is currently over 450 today. This new ownership will provide many opportunities, including continued product improvement, increased marketing support, funding for new product development, and manufacturing support to help control and reduce costs.
Related Posts
- New US East Coast scheduled helicopter flights to launch in June
- US Army tests UH-60 Load Stability System Litter Attachment from Vita Inclinata
- Raytheon awarded $15M more on CV-22 countermeasures contract
- Veelo Technologies Helping to Keep Aircraft Rotor Blades Out of the Oven
- Avfuel Adds Webinar and Human Factors Course to Training System
- EHang provides details of sales contracts to refute Wolfpack allegations
- Bristow closes $400M Notes offering and pays off term loans
- Whirly-Girls International release 2021 Scholarship Recipients
- SAFE wins contract for US Army UH-60 work platforms
- TKK Orders 2nd EC135 FTD from FRASCA
- Schiebel first UAS Operator in Europe to receive LUC from Austro Control
- Cornwall Air Ambulance now carries blood products
- EHang 216 AAV completes first trial flights in Beijing airspace
- Emergency Services affected by Facebook Australia news ban
- Second group of Botswana police pilots training on Enstrom 480B
- Mauritius signs helicopter lease with India
- London’s Air Ambulance extends maintenance contract with SAS
- Bell Delivers Three Huey IIs to the Lebanese Air Force
- HAL Hands Over ALHs to the Indian Navy and Indian Coast Guard
- HAL’s LUH Receives IOC