Taja Boscarol, Public Relations Manager for Slovenian aircraft company Pipistrel, announced the formal establishment of the fourth company of the Pipistrel Group at the Chamber of Commerce in Jurong City (Jiansu Province), China. The new company, PIPISTREL ASIA-PACIFIC, General Aviation Technology Co. Ltd. was founded by Ivo Boscarol (51-percent owner) and Danny Wu Hao (49-percent). Hao, as financial partner, will provide the capital investment required for the construction of Project Jurong. The ownership of both Slovene companies, Pipistrel d.o.o. and Pipistrel Vertical Solutions (a new development under control of Tine Tomazic) remains 100-percent Slovenian as before. As Ms. Boscarol’s press release relates, “From now on, the PIPISTREL ASIA-PACIFIC, General Aviation Technology Co. Ltd company is the general distributor of Pipistrel for China. “It will be in charge for realization of the ‘Project Jurong’, the agreement about establishing an aviation and tourist center next to Jurong Lake national park. The agreement was signed between Pipistrel company and the government of the …
Pipistrel, Sino GA Sign Memorandum of Agreement
China has over one billion, four hundred million people. Slovenia has a little over two million. This population disparity has not kept Pipistrel d.o.o. Ajdovscina and Chinese company Sino GA Group Co. from signing a Memorandum of Understanding for a long-term joint-venture in the field of light and general aviation in the regions of China, East Asian countries and the Asian Pacific region. Pipistrel, led by General Manager Ivo Boscarol, has built many airplanes in its 27-year history (including over 800 of its Sinus/Virus series), and earned plaudits for its clean manufacturing and ethical management. It has led in development of electric motorgliders, an electric training aircraft, and a high-performance hybrid cruiser. It won the Green Flight Challenge in 2011 with a battery powered aircraft that managed to cruise at over 100 mph for 200 miles and returned 403.5 passenger miles per gallon. That airframe has been converted to hydrogen power and was flown in September in a 10-minute demonstration …