ASX-listed jetpack manufacturer Martin Aircraft Company says it has entered into a number of strategic agreements with groups in China and India as it looks to capitalise on the nations' booming populations and economies.
The group today said it had signed a strategic cooperation deal with a Beijing-based tourism company, through its joint venture KuangChi Science Martin Jetpack.
The deal with Beijing Flying Man Science & Technology was struck for the future delivery of manned and unmanned jetpacks, the group said today, after signing the agreement at the International Paris Air Show yesterday.
"China is one of the fastest growing markets for aviation, and recent civil aviation developments have seen previously off-limit airspace being opened up for civilian operations," Martin Aircraft said today.
17/06/15 The Australian
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The group today said it had signed a strategic cooperation deal with a Beijing-based tourism company, through its joint venture KuangChi Science Martin Jetpack.
The deal with Beijing Flying Man Science & Technology was struck for the future delivery of manned and unmanned jetpacks, the group said today, after signing the agreement at the International Paris Air Show yesterday.
"China is one of the fastest growing markets for aviation, and recent civil aviation developments have seen previously off-limit airspace being opened up for civilian operations," Martin Aircraft said today.
17/06/15 The Australian
