Amphibian Aerospace Industries Projects Gets Major Boost
Summary
Last week, Amphibian Aerospace Industries (AAI) and ShinMaywa signed a MOU in Japan on the 20th of July 2022, marking their official collaboration in amphibious aircrafts.The Chief Minister Natasha Fyles witnessed the project-boosting signing between the two companies in Japan.ShinMaywa manufactures the US-2 amphibious aircraft in Japan. The G-111T will bring a much-needed transport capability to many countries to help in moving people, medical supplies, goods and services to remote and isolated communities. This includes an agreement between AAH and global engine manufacturers Pratt & Whitney Canada.Once established in the Territory, AAI will generate extensive value to the NT economy with the company forecasting annual revenue of over $100 million by the end of the decade.This exciting venture will create hundreds of jobs and upskilling opportunities for Territorians, while also injecting millions into our economy. Chief Minister Natasha FylesThe Albatross has a long and distinguished history but has not been commercially manufactured since the 1960s. It is a highly-regarded aircraft and evidence through market studies have demonstrated that there is a strong demand for it to fill an identified gap in the global aviation market.This will be an exciting opportunity to build a new industry together with its associated supply chain which will create flow-on benefits for jobs, education and the economy in the Northern Territory.