Eurocopter to rake in RM500 million sales for FY2011

LANGKAWI: Spurred by the growing demand for helicopters in the Asian region, Eurocopter Malay­sia Sdn Bhd, expects to garner RM500 million in sales by the financial year ending 2011.Its president and chief executive officer, Pierre Nardelli said the company was confident of achieving RM300 million in sales this year, as demand for helicopters starts to pick-up on the back of a gradual recovery from the global economic crisis.

“There is a need for helicopters around the region in almost all sectors. Oil and gas, for  example, is one of the demanding sectors in need of helicop­ters,” he told reporters on the sidelines of the Langkawi International Maritime and Aerospace Exhibition (Lima 2009) here yesterday.

Eurocopter Malaysia had earlier signed a sales agree­ment with Solaire Sdn Bhd, for a Eurocopter EC145.

Nardelli said Eurocopter Malaysia is also expected to leverage on the strength of Lima 2009 to capture more business in future.

Eurocopter Malaysia has now a 50 per cent civilian market share and 38 percent for the military in Malaysia.

During Lima, the com­pany is expected to seal a memorandum of under­standing (MoU) and two sales agreements worth of US$10 million. Eurocopter Malaysia has at present facilities in Subang, Miri and Kerteh. —Bernama

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