Quicksilver Signs China Deal

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Key Takeaways:

  • Quicksilver Aircraft has signed a significant distribution agreement with JH Nanning Group to sell 77 aircraft kits to China, with plans for local assembly and future manufacturing/design.
  • The deal anticipates a "burgeoning demand" for light aircraft in China as airspace regulations ease, positioning Quicksilver as a mentor in developing the country's light aviation industry.
  • Quicksilver is expanding its domestic production and using this model for its Chinese expansion, expecting its proven and modestly priced aircraft to be well-received in the growing market.
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Business jet and airliner manufacturers tend to dominate news about aviation in China but a California kit builder is also doing a major deal with the Chinese. Quicksilver Aircraft has sold 77 aircraft thanks to a distribution agreement it signed with JH Nanning Group. The kits will be made at Quicksilver’s Temecula plant and shipped to China where they will be assembled and sold as complete aircraft. Eventually, the parts for the aircraft may be built in China and they will design their own aircraft, too. Although the light end of the aviation market is virtually non-existent now, “burgeoning demand” is expected as airspace regulations ease.

In selling airplanes to China, Quicksilver is also playing a mentorship role in fostering a new light aircraft industry there.”The interest of the Chinese government to develop high-tech industries is evident,” said CEO Will Escutia. Meanwhile, the company is also ramping up its domestic production following acceptance of its Sport2SE as a factory-built light sport aircraft. It will build three manufacturing plants in the U.S. and the domestic expansion will be a model for activity in China. “An expansion into China follows this model and sets the stage for the Quicksilver enterprise to grow briskly as its long proven and modestly priced aircraft should be well received in that nation,” the company said in a news release.

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