Viking & Reignwood Group Sign Strategic Partnership Agreement With Commercial Commitment for 50 Twin Otter Series 400 Aircraft

Jun 17, 2015

Reignwood Aviation Group of Beijing to Become Exclusive Representative for Viking Series 400 Twin Otter in China

Paris, France, June 17th, 2015: Following Transport Canada’s recent announcement that the Series 400 Twin Otter has received Type Certification by the Civil Aviation Administration of China (CAAC), Viking Air Limited of Victoria, BC, Canada and Reignwood Aviation Group of Beijing, China, have entered into an agreement forming a strategic partnership to develop the Chinese market with commercial commitment to purchase up to 50 aircraft to be delivered over the next five years.

At a signing ceremony held earlier today at the Paris International Air Show, Viking president & CEO David C. Curtis, and Christopher Wang, Executive Director of Reignwood Group, executed a strategic partnership agreement for the purchase of fifty aircraft including exclusive representation rights for the Series 400 Twin Otter in China.

Deliveries of Reignwood’s Series 400 Twin Otters will commence in the 4th quarter of 2015, with the first two aircraft configured in regional commuter landplane and amphibious floats.

In the coming weeks, Viking and Reignwood will also be working to determine a suitable location for the development of a factory endorsed completion and service center (FECSC). The FECSC will see aircraft manufactured at Viking’s Canadian factories destined for the Chinese market undergo customer completion and customization in-country.

David Curtis commented, “Reignwood’s world-class reputation and depth of experience in the aviation sector will give the Series 400 Twin Otter immediate traction in the Chinese market, which is anticipated to reach 500 aircraft over 20 years.” He added, “This strategic partnership will allow Viking to tap into this extensive market potential, where the seaplane segment in particular is expected to expand rapidly over the next ten years.”

About Viking Air Limited:

Headquartered in Victoria, BC, Viking is the global leader in utility aircraft services, and the manufacturer of the world-renowned Series 400 Twin Otter. Viking is the Original Type Certificate holder for all out-of-production de Havilland aircraft, DHC-1 through the DHC-7, and provides exclusive spare parts manufacturing and product support for the legacy de Havilland fleet. In 2007, Viking launched the Twin Otter Series 400 production program, and to date new Viking aircraft have sold to 30 countries worldwide.

In 2016, Viking acquired the Type Certificates (manufacturing rights) for the Canadair CL-215, CL-215T, and CL-415 aircraft. With this transfer, Viking assumed responsibility for all product support for the global fleet of 170 aerial firefighters.

Viking is managed by Longview Aviation Capital and forms part of the portfolio of a prominent Canadian family investment firm that maintains a long-term investment horizon and is one of the leading investors in the Canadian aviation industry.

Information Contact

Robert Mauracher
Viking Air Ltd.
Executive Vice President, Sales & Marketing
Phone: +1.250.656.7227

Media Contact

Angela Murray
Viking Air Ltd.
Corporate Communications
Phone: +1.250.656.7227

 

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