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.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Spark boss ditches *another* Sky decoder
- Carry on: Xiamen for Auckland, Cathay for Christchurch, Virgin for HK and more
- Hooton: Racism lies behind Little’s kaupapa Maori attack
- Smith’s swimmable rivers scheme burning holes in farmers’ wallets
- Hunter's Corner: Sealegs: an underperforming marine technology innovator
Most listened to
- Business Week in Review with Grant Walker and Andrew Patterson
- Rob Hosking on the politics of protest vs the politics of government
- Rodney Hide: Advance means retreat for glacier scientists
- Stewart Germann and Gehan Gunasekara go head-to-head on the franchising debate
- Racism lies behind Little’s kaupapa Maori attack, says Matthew Hooton