AgustaWestland teams with Libyan company

 - September 29, 2006, 8:02 AM

AgustaWestland (Booth No. 1141) and its parent company, Finmeccanica, have formed a joint venture with a Libyan entity to modernize that country’s helicopter and aircraft fleets and to potentially build export helicopters for the African market.

The joint venture will be headquartered in Tripoli and called the Libyan Italian Advanced Technology Company (Liatec). Liatec will be 50 percent owned by the Libyan Company for Aviation Industry, with AgustaWestland and Finmeccanica holding 25 percent each.

The new company’s first priority will be to develop the capacity to modernize and maintain Libya’s existing fleet of fixed- and rotary-wing aircraft, and this includes establishing a flight and maintenance training center in partnership with the University of Tripoli. Initially, technicians will be trained in Italy.

Separately, AgustaWestland announced a contract to supply 10 A109 Power helicopters to Libya for border patrol. Deliveries are scheduled to begin at the end of this year.