FOR IMMEDIATE RELEASE
Viking Signs MOU for Twin Otter Series 400 Assembly in Russia
Vityaz Avia Corporation Commits to Multiple Aircraft Sales
(Farnborough, England, July 19, 2010): Viking Air of Victoria, BC, Canada and Vityaz Avia Corporation of Moscow, Russia have entered into a Memorandum of Understanding for the potential development of a Twin Otter Series 400 final assembly facility in Eastern Russia.
Viking would be instrumental in the development of the aircraft final assembly facility, establishing quality, maintenance, and training procedures for Vityaz management, helping to springboard the Twin Otter Series 400 into the developing market. The facility would also potentially become a Factory Endorsed Service Centre (“FESC”) and Series 400 training facility once the type has been introduced in the territory.
In 2009, Vityaz Avia Corporation was announced as the Series 400 Sales Representative for Russia, with the purchase of two Twin Otter Series 400 commuter configured aircraft for use as demonstrator models, making Vityaz the first Twin Otter operator in the country. Subsequent to the sales agreement, Viking will work with Vityaz to secure Russian Interstate Aviation Committee (“IAC”) Type Certificate for the Series 400 Twin Otter.
Robert Mauracher, Viking vice president Business Development and general manager MRO, stated that “there is enormous untapped potential in the Russian market for the versatile Twin Otter Series 400, and we are excited about this opportunity to have such a capable and enthusiastic partner such as Vityaz to represent Viking in the country.”
Viking launched the new DHC-6 Twin Otter Series 400 production program in 2007, and currently has a production backlog estimated at over $200M through 2014. Viking provides OEM support for the worldwide fleet of de Havilland heritage line of aircraft (DHC-1 through DHC-7), and is part of Westerkirk Capital Inc., a Canadian private investment firm with substantial holdings in the hospitality, aviation and real estate sectors
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Robert Mauracher, Vice President, Business Development
Angela Murray, Marketing & Business Development