Abu Dhabi, UAE – HelioTech, an advanced vertical take-off and landing aircraft company, signed a Memorandum of Agreement (MoA) with Avio Aero, a leading aviation company to identify opportunities for cooperation in the development of HelioTech products’ rotorcraft transmissions.
Avio Aero is one of the leading companies in the aviation industry that designs, manufactures and maintains civil and military aviation propulsion systems.
The agreement was signed at the Strategic Development Fund (SDF) stand at the Tawazun Council’s chalet, on the sidelines of IDEX and NAVDEX 2023, held in Abu Dhabi.
“The MoA is part of HelioTech’s plans to partner with top tier industrial companies that will support our roadmap to establish an international distribution, manufacturing, and production network, enabling HelioTech to enter into crucial global markets,” Sultan Al Kaabi, Senior Advisor at SDF and Managing Director of HelioTech, said. “This cooperation with Avio Aero is one of several other strategic collaboration that we will be developing with innovative suppliers in the industry, delivering our unique solutions to our customers while making a significant contribution to the UAE’s rotorcraft industrial capabilities.”
Abdulla Al Jneibi, Principal investments at SDF, and board member of HelioTech said: ““These international partnerships by HelioTech, one of the SDF portfolio investments, confirms SDF’s commitment to its strategy and developing companies leveraging international partnerships, to develop and advance technologies companies serving multiple strategic purposes.”
Francesco Manciagli, Military and Helicopters Senior Sales Director of Avio Aero, said: “I’m very pleased that our teams signed this agreement which marks another significant step to increase Avio Aero presence in rotorcraft”.