Italy's Finmeccanica in Russia helicopter deal

AFP - [email protected]
Italy's Finmeccanica in Russia helicopter deal
Photo: Eric Piermont/AFP

Russian oil giant Rosneft said Wednesday it has reached a deal with Italian group Finmeccanica to produce 160 helicopters in Russia.


Finmeccanica's Anglo-Italian subsidiary AgustaWestland will form a joint venture with Russian Helicopters, a unit of public holding company Rostec, to assemble the AW189 helicopters designed for offshore operations.

Rosneft "will be the first client" for these aircraft and plans to buy 160 of them between now and 2025, the group said in a statement.

The deal signed on Monday comes as sanctions imposed by the United States and the European Union have slowed or frozen many joint projects between Western multinational companies and Russia.

Both Rosneft and Rostec, two powerful public groups headed by close allies of President Vladimir Putin, have been targeted by the Western sanctions.

The AW189 helicopter, especially adapted for offshore operations including search and rescue missions, can carry 16 passengers and has a flying range of 600 nautical miles (1,111 kilometres).


Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.

Please log in to leave a comment.

See Also