Beijing, February 10. United Helicopters International Group Limited and Lakeshore International Aviation Limited agreed on business acquisition. According to the agreement, United Helicopters will acquire 100% of equity and business of Lakeshore International Aviation by the end of February, 2017.
In November, 2016 after China International Aviation Exhibition Center in Zhuhai, China, Lakeshore International Aviation Ltd. became an authorized agent of Russian Helicopters JSC for marketing and promotion of Russian made civilian helicopters in China. Before that two companies had a history of cooperation in the Asian helicopter market with joint research projects aimed at identifying most attractive regions for sales and consulting with regional operators of civilian helicopters in China and Southeast Asia.
At the same time, United Helicopters International Group recently became Russian Helicopters' first distributor of civilian helicopters in Greater China Region (including mainland China, Hong Kong, Macau and Taiwan), Malaysia and Australia. Apart from product sales and marketing promotion of civilian Russian-made helicopters in the designated area, objectives set for the cooperation also include providing after-sales support, spare parts supply and building up relationships with leasing companies.
Acquisition of Lakeshore International Aviation Ltd. will allow United
Helicopters International Group to take over Lakeshore International Aviation in the implementation of all the matters related to the business with Russian Helicopters JSC on the one hand, and strengthen the team and business processes on the other.
Lakeshore International Aviation Limited
Lakeshore International Aviation Limited (LIA) is a Hong-Kong company within the structure of Lakeshore International Group, providing project management services in the field of sales and after-sales support of the Russian civilian aircrafts and helicopters on international markets. The strategic partners of LIA are Russian and foreign companies which achieved flagship in aviation industry and opened up opportunities for international cooperation to build a sales network of Russian helicopters and construction of aviation infrastructure. LIA actively conducts cooperation with partners in Russia, China, Southeast Asia, India, Africa, South America and the Middle East.
United Helicopters International Group Limited
United Helicopters International Group Limited (UHIG) was founded in 2016, registered in Hong Kong and office located in Beijing. Shareholders hold the view that China is a highly promising general aviation market, in particular aiming at helicopters market where potential grows year by year. UHIG is to set up professional team, commence business and boost investment in Greater China Region (including mainland China, Hong Kong, Macau and Taiwan), Malaysia and Australia.