- City Fajr Shuruq Duhr Asr Magrib Isha
- Dubai 05:37 06:56 12:20 15:16 17:38 18:57
Perla Group International, a Dubai-based company with interests in telecoms aviation and other sectors, signed an agreement to buy 100 per cent shares of Ukraine's DB Aerocopter, which designs and builds the AK1-3 petrol-powered, two-seater light helicopter.
Charles D'Alberto, CEO and Founder of Perla Group, flew AK1-3 while touring the facilities in Poltava, Ukraine.
Perla plans to move the assembly plant to the UAE to take advantage of the company's ties to the Middle East and Africa – expected to be a major development for the UAE's aviation industry, which has no local aircraft manufacturing facility.
"This acquisition is an exciting step for us," said Igor V Polituchyi, Director of DB Aerocopter. "It will give us the ability to enter new markets and show the world just how good the AK1-3 really is."
Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here.
Follow Emirates 24|7 on Google News.