HeliVert Gets AR IAC Approval for Production of Commercial AW139

HeliVert, a joint venture between Russian Helicopters and AgustaWestland, has received a Certificate of Approval from the Aviation Register of the Interstate Aviation Committee (AR IAC) for production of the AW139 commercial helicopter. The certificate is valid for two years.

"The Certificate of Approval confirms the company's right to assemble commercial AW139s in strict compliance with the AR IAC's Aviation Regulations", HeliVert CEO Alexander Kuznetsov said at the award ceremony. "We are continuing to progress the HeliVert project in line with the joint plan adopted by our Italian and Russian shareholders."

"We are pleased with the successful implementation of this joint project," said Russian Helicopters CEO Alexander Mikheev. "The strategy of cooperation between Russian Helicopters and AgustaWestland has enabled us to create one of the most modern and high-tech production facilities in Russia."

Daniele Romiti, CEO, AgustaWestland said "This latest certification achievement and the progress of assembly operations at the state-of-the-art Tomilino plant for the best-selling AW139, once more highlights the quality of our partnership with Russian Helicopters through the HeliVert joint venture. We look forward to expanding the already significant success achieved by this model in Russia."

Following an audit by the AR IAC in May 2012 HeliVert was awarded a one-year Certificate of Approval for production of five AW139s, and production of the first helicopters at the enterprise began in June 2012. A repeat audit for certification of production took place on schedule in November 2013, and as a result a Certificate of Approval for production of commercial AW139s was issued for two years.

The commercial AW139 can be configured as a VIP helicopter, a passenger helicopter carrying 12-15 passengers, or in other versions including for transport, medical or emergency rescue work. The helicopter has a cruising speed of 306 km/h and range of 926 km, with a maximum flight time of five hours. The AW139 is powered by two Pratt & Whitney Canada PT6C-67C turboshaft engines generating 1,679 hp. The first AW139 assembled in Russia made its maiden flight in December 2012. HeliVert products will be offered to customers in Russia and the CIS. Some of these aircraft could be configured for law enforcement and homeland security roles and completed with Russian-made mission equipment for government and parapublic agencies.

HeliVert is a joint venture between Russian Helicopters and AgustaWestland. HeliVert is building and managing an assembly plant to produce the AW139, a medium twin-engined civilian helicopter, in Russia, with the primary goal of meeting market demand in Russia and the CIS.

AgustaWestland, a Finmeccanica company, is a major force in commercial and military helicopter markets around the world and offers an unrivalled range of helicopters, training and support solutions to satisfy customer's mission requirements. AgustaWestland's main facilities are located in the United Kingdom, Poland and the United States of America.

Russian Helicopters, JSC is a subsidiary of UIC Oboronprom, which in turn is a part of State Corporation Rostec. It is one of the global leaders in helicopter production and the only helicopter design and production powerhouse in Russia. Russian Helicopters is headquartered in Moscow. The company comprises five helicopter production facilities, two design bureaus, a spare parts production and repair facility, as well as an aftersale service branch responsible for maintenance and repair in Russia and all over the world. Its helicopters are popular among Russian ministries and state authorities (Ministry of Defence, Ministry of Internal Affairs, Emergency Control Ministry), operators (Gazpromavia, UTair), major Russian corporations. Over 8000 helicopters of Soviet/Russian make are operated in 110 countries worldwide. Traditionally the demand is highest in the Middle East, Africa, Asia-Pacific, Latin America, Russia, and CIS countries. Russian Helicopters was established in 2007. In 2012 its IFRS revenues increased 21% to RUB 125,7billion. Deliveries reached 290 helicopters.

UIC Oboronprom, JSC is a multi-profile industrial and investment group established in 2002. It is a part of Russian Technologies State Corporation. Its main tasks include: helicopter engineering (Russian Helicopters, JSC) and engine-building (United Engine Industry Corporation managing company).

Rostekhnologii State Corporation (Rostec) is a Russian corporation established in 2007 in order to facilitate the development, manufacturing and export of high-technology industrial products of military and civil purposes. Today it comprises over 663 companies, which form 8 military-industrial and 5 civil industry holdings. Rostec's subsidiaries are located in 60 regions of Russia and supply their products to over 70 countries worldwide. In 2012 revenues of the Corporation amounted to RUB 931 billion, net profits were RUB 38.5 billion and total taxation exceeded RUB 109 billion.

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