China to build $768 million worth aviation project
An aviation project worth about $768 million will be built in northwest China’s Shaanxi province, official media here reported.
The project invested by Shaanxi Aviation Industry Development Group (SAIDC) will be located in the Xi’an National Civil Aerospace Industrial Base, state-run Xinhua news agency reported yesterday.
Under the agreement signed by SAIDC and the Base, the project worth about $768 million (5.3 billion yuan) will involve construction of an assembly line of Bell 407GXP helicopters, centres for helicopter training, emergency response and rescue, as well as the research and development related to drones, the report said.
Wang Yongan, chairman of SAIDC, said that SAIDC would work with the US aircraft producer Bell Helicopter in developing the assembly line, it said.
