ABU DHABI - HelioTech, an advanced VTOL aircraft company, the latest addition to the venture investment portfolio of The Strategic Development Fund (SDF), the investment arm of Tawazun Council, signed a Memorandum of Agreement (MoA) with Avio Aero, one of the leading companies in the aviation industry that designs, manufactures and maintains civil and military aviation propulsion systems.

The MoA sets the basis for HelioTech and Avio Aero to identify cooperation opportunities in the development of HelioTech products’ rotorcraft transmissions.

The agreement was signed at the SDF stand at the Tawazun Council’s chalet, on the sidelines of IDEX and NAVDEX 2023, held in Abu Dhabi.

The MoA was signed by Sultan Al Kaabi, Senior Advisor at SDF and Managing Director of HelioTech, and Paolo Salvetti, Avio Aero Senior Sales Director. The signing ceremony was attended by Abdulla Nasser Al Jaabari, Managing Director and Chief Executive Officer of SDF and Chairman of HelioTech; Abdulla Al Jneibi, Principal investments at SDF; and board member of HelioTech, as well as other officials from both sides.

Sultan Al Kaabi, Senior Advisor at SDF and Managing Director of HelioTech, said, "The MoA is part of HelioTech’s plans to partner with top tier industrial companies that will support our roadmap to establish an international distribution, manufacturing, and production network, enabling HelioTech to enter into crucial global markets. This cooperation with Avio Aero is one of several other strategic collaboration that we will be developing with innovative suppliers in the industry, delivering our unique solutions to our customers while making a significant contribution to the UAE's rotorcraft industrial capabilities.”

“We look forward to seeing these products have a significant presence among our customers, as they meet their strategic and operational requirements," he added.

Abdulla Al Jneibi, Principal investments at SDF, and board member of HelioTech, commented, “These international partnerships by HelioTech, one of the SDF portfolio investments, confirms SDF's commitment to its strategy and developing companies leveraging international partnerships, to develop and advance technologies companies serving multiple strategic purposes.”

Francesco Manciagli, Military and Helicopters Senior Sales Director of Avio Aero, stated, “I’m very pleased that our teams signed this agreement which marks another significant step to increase Avio Aero presence in rotorcraft”.

Pierfederico Scarpa, Strategy, Marketing and Sales Vice President of Avio Aero, noted, “We believe that this collaboration with HelioTech will enable a long-term partnership between two companies committed to innovate and deploy disruptive market solutions. This agreement represents a proof of our worldwide recognise expertise and capabilities in helicopter power transmissions."