Plane maker takes off with $125 million deals

Securing $125 million of orders for its small planes in the last four months suggests bluer skies are ahead for local small aircraft manufacturer Pacific Aerospace.

Earlier this year, 27 jobs were lost from the Hamilton-based company as it struggled in the wake of the global financial crisis.

But demand from customers has returned, with an  $88 million order for 37 aircraft just secured from Russia.

This follows a $37 million August deal to supply 15 planes to China.

In today’s print edition of the National Business Review, Pacific Aerospace chief executive Damian Camp talks about the turnaround and new markets that are opening up in remote areas for its short-flight aircraft.


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2 Comments & Questions

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I hope that they see the colour of the money, before they deliver to either of these two nations

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No one gets planes on credit these days

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