Airbus SE will shift its EC155B1 helicopter production line in Marseille, France, to South Korea's sole aircraft manufacturing facility operated by Korea Aerospace Industries Co. (KAI) in Sacheonby 2021.
According to a Ministry of Land, Infrastructure and Transport official, Airbus and KAI will set up a joint company within this year in South Korea that would manage the production and delivery of the EC155B1 helicopters.
The companies will also use the EC155B1 platform in jointly developing the light civil helicopter and the light-armed helicopter that would replace aging units in the South Korean Army.
The two companies also agreed to collaborate for the urban air mobility sector, including drones, and support air transport businesses amid the pandemic.
The ministry signed a pact with the European Union Aviation Safety Agency (EASA) to support relocation.
The pact includes the support of helicopter production and test flights.


SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
Ford and Geely Explore Strategic Manufacturing Partnership in Europe
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate
Instagram Outage Disrupts Thousands of U.S. Users
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
CK Hutchison Unit Launches Arbitration Against Panama Over Port Concessions Ruling
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 



